Petrol, diesel and jet fuel stocks in Australia equated to 41, 33 and 28 days of normal consumption, respectively, in energy minister Chris Bowen’s weekly update. Petrol and jet fuel cover each fell two days, while diesel rose two. A total of 48 fuel ships were heading to the country; four-week contracted deliveries stayed at 3.2 billion litres.
Australian energy minister Chris Bowen put petrol stocks at 41 days of normal consumption, diesel at 33 days and jet fuel at 28 days in his weekly update on 17 October. He spoke at Fairfield West in the state of New South Wales. Petrol and jet fuel cover each fell two days from the previous week, while diesel rose two days. The figures express fuel quantities against normal consumption rates.[1], [2]
A total of 48 fuel ships were heading to Australia. Contracted deliveries over four weeks remained at 3.2 billion litres, unchanged from the preceding update, although the number of ships in transit declined from 51 to 48. September brought 75 fuel-ship arrivals, followed by 51 in the first half of October. Those arrival totals cover periods of different lengths.[1]
Bowen described fuel security as solid despite international uncertainty. He said the government continued working with partners in the Middle East, Southeast Asia and elsewhere in Asia, alongside domestic refineries. Major importers and refiners report stocks weekly. The accounting includes eligible pipeline stocks, certain fuel in Australian waters and some refinery products. Days of cover calculated against normal consumption do not assume deliveries stop or predict that fuel runs out at that point.[1]
