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100m litres of diesel secured under new powers, PM confirms
Anthony Albanese and Malaysian Prime Minister Anwar Ibrahim signed a joint statement on energy security during a meeting in Kuala Lumpur. (AAP: Bianca De Marchi)
Australia has secured two fuel shipments under new powers that allow the federal government to underwrite the delivery of additional cargoes.
Prime Minister Anthony Albanese made the announcement during a trip to Malaysia, saying the 100 million litres of additional diesel would be sent to Australia from Brunei and South Korea.
Mr Albanese said they were the first of "many expected shipments" to be secured under the new laws.
The prime minister has confirmed that new powers allowing the federal government to underwrite the delivery of additional fuel cargoes have been used to purchase 100 million litres of diesel.
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Albanese didn’t return with shiploads of diesel. That doesn’t mean his Singapore visit wasn’t a success
Having received assurances from Singapore over refined fuels, diesel supply will surely be next on the prime ministerâs agenda
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Anthony Albanese isnât coming back from Singapore with a shipload of diesel in his checked baggage. That doesnât mean his whistle-stop visit wasnât a success, or that it wonât be seen in future as a pivotal moment if fuel stocks continue to be choked by the ongoing conflict in the Middle East.
The government never expected that the quick whip to Singapore, with just one full day on the ground, would elicit a new supply of petrol or diesel. Singapore already supplies 55% of Australiaâs unleaded, 22% of jet fuel and 15% of diesel.
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