NatRoad is concerned that fuel security remains a huge vulnerability for our industry, especially in light of recent media reportage about our over-reliance on imports.
A report by the Australia Institute says that 91 percent of Australia’s overall fuel supply in fiscal year 2021 was imported, primarily from Malaysia, Singapore, South Korea and China. It adds that Australia currently has just 68 days’ worth of fuel reserves.
The Morrison Government did move last year to launch a $200 million competitive grants program for diesel storage. The Government’s liquid fuel storage program aims to increase diesel stocks around the country by 40 percent.
NatRoad raised its concerns about the possibility of another shortage of AdBlue in the media last week following news that the only domestic manufacturer will proceed with a planned shutdown of its Brisbane plant.