Australia's Energy Minister Chris Bowen confirmed fuel reserves have increased to 46 days of petrol, 31 days of diesel, and 30 days of jetfuel, with 61 ships carrying fuel en route to the country. The update follows last week’s shortage fears, easing market anxieties about supply stability.

The petrol reserves now cover 46 days of domestic demand, up from 38 days previously, while diesel stocks remain critical for agriculture and mining sectors at 31 days. Bowen emphasized the import-heavy nation’s reliance on overseas shipments, stating the incoming vessels will further secure supplies.

Australia’s strategic stockpile growth comes as global energy markets face volatility. Analysts note the fuel shipments timing aligns with regional geopolitical tensions, highlighting the country’s proactive measures to avoid disruptions.

With Australia’s fuel reserves now bolstered, experts warn sustained investment in domestic production remains essential to reduce import dependency long-term.