Australia’s liquid fuel security has a long history of policy debate and is subject to changing trade and industry dynamics. Fuel supply and security was also a key focus in the 2026–27 Budget. This paper outlines Australia’s liquid fuel supply chain, storage arrangements, and some key measures from the budget.

Mining companies in Australia used almost 8 billion litres of diesel in 2023–24, a quarter of Australia’s total. This paper proposes that eliminating diesel subsidies for mining would encourage electrifying mining equipment, improving Australia’s fuel security and budget balance.

Global conflict is causing an unprecedented shock to global oil and gas supply. A national fuel security plan has been agreed to, to coordinate a consistent response across the Commonwealth, states and territories. The plan is designed to keep community and business updated and provide an early understanding of further fuel security measures that may...

A sharp escalation in tensions between the United States and Iran has pushed oil prices higher. This policy briefing examines how the current shock compares to previous oil supply disruptions, and how this price shock can spread through Australia’s economy. It also provides early policy actions Australia can take to stabilise fuel supply and support...

The conflict in the Middle East has created the largest supply disruption in the history of the global oil market. This report outlines demand-side measures available to governments, businesses and households that span road transport, air travel, cooking and industry amid strains in diesel, jet fuel and LPG markets. It outlines 10 immediate actions to...