The Albanese government is reducing mandatory fuel stockpile requirements for importers and refiners, lowering diesel reserves from 2.7 billion litres to 2.2 billion and petrol from 1 billion to 700 million litres. The changes will allow the gradual release of an extra 762 million litres of fuel to address supply chain issues caused by panic buying in regional areas. The national fuel crisis, triggered by the Iran conflict, has prompted calls from One Nation MP Barnaby Joyce for fuel rationing in cities to prioritise regional communities, a suggestion rejected by Energy Minister Chris Bowen.

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