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Albanese Slams Fuel Hoarding Amid Rising Diesel Prices

3/31/2026

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Albanese Condemns Hoarding

Prime Minister Anthony Albanese condemned fuel hoarding as un-Australian and warned it could trigger COVID-19-like restrictions.
Diesel prices have risen to $3.03 per litre, prompting motorists to cut purchases.
The government released 20% of the national fuel stockpile to support regional supply.
Fuel theft has risen up to 50%, driven by rising prices and the cost of living.
The Australian Association of Convenience Stores reports more first-time drive-off offenders.

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Bruce Dunne's Diesel

Rising fuel prices in Australia push people to seek cheaper options.
Bruce Dunne, a tradie and reality TV star, demonstrates making diesel from used cooking oil.
His video has over 1.4 million views as he aims to cut costs.
Experts warn against homemade fuel due to safety risks and vehicle compatibility.
Calls for government action on soaring fuel costs intensify.

History

Historical Context

The 1979 oil crisis, triggered by the Iranian Revolution, caused global oil prices to more than double, reaching over $35 per barrel. This followed the 1973 oil crisis, which had already strained economies worldwide. Today, Australia faces similar challenges with diesel prices at $3.03 per litre, underscoring the persistent vulnerability of economies to fuel supply disruptions and the urgent need for sustainable energy solutions.

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Albanese Condemns Hoarding

Prime Minister Anthony Albanese condemned fuel hoarding as un-Australian and warned it could trigger COVID-19-like restrictions.
Diesel prices have risen to $3.03 per litre, prompting motorists to cut purchases.
The government released 20% of the national fuel stockpile to support regional supply.
Fuel theft has risen up to 50%, driven by rising prices and the cost of living.
The Australian Association of Convenience Stores reports more first-time drive-off offenders.

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