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Australia Amends Export Laws to Enhance Fuel Security

3/28/2026

Summary

Story summary

Australia will amend export-finance laws to improve fuel security amid disruptions from the Iran war.
Prime Minister Anthony Albanese announced the plan on March 28 and Energy Minister Chris Bowen said Australia has 39 days of petrol and 30 days of diesel and jet fuel.
The amendments would allow the government to underwrite private sector fuel purchases.
Amendments to export-finance and insurance-corporation laws will be introduced in parliament on Monday.

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Story summary

Australia will amend export-finance laws to improve fuel security amid disruptions from the Iran war.
Prime Minister Anthony Albanese announced the plan on March 28 and Energy Minister Chris Bowen said Australia has 39 days of petrol and 30 days of diesel and jet fuel.
The amendments would allow the government to underwrite private sector fuel purchases.
Amendments to export-finance and insurance-corporation laws will be introduced in parliament on Monday.