Over recent decades amid the wave of globalisation, Australia outsourced most of its petrol, jet fuel, and diesel refining overseas.
A fuel tanker passes the Mobil fuel distribution centre in the Melbourne suburb of Yarraville in Australia on March 12, 2026. William West/AFP via Getty Images
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Australian Prime Minister Anthony Albanese and Energy Minister Chris Bowen say they’ve locked in another 200 million litres of diesel from Asian suppliers.
The move comes as Australia grapples with a fuel crisis triggered by its heavy dependence on Asian refineries that source most of their crude oil from the Middle East.
