Prime Minister Anthony Albanese is travelling to Singapore in a bid to shore up Australia’s fuel supply, trading on the country’s reputation as a food bowl.
The federal government insists there is no issue with supply but NSW is already preparing for the “worst-case scenario” and supply chain analysts warn the country could be just days away from having to ration fuel.
Petrol companies have already been forced to hand over their distribution data to the NSW government to drive decisions if things deteriorate.
Albanese will meet with his Singaporean counterpart on Friday, leveraging Australian gas for their fuel to help get us through the global crisis. (9News)
Today, 34 stations were dry and 125 were out of at least one type of fuel.
NSW Energy Minister Penny Sharpe is pouring over commercially sensitive data from petrol companies to map out the state’s supply and where it’s being sent.
“The NSW government is planning for the worst case scenario and if we have to take action we will,” she said.
“We’re planning for if the situation deteriorates.”
The Energy Minister Penny Sharpe (pictured) is now pouring-over commercially sensitive data from petrol companies to map out the state’s supply and where it’s being sent. (9News)
If it does deteriorate, rationing could come quickly, experts warn.
“We’re not talking about months, we’re talking about a few days,” Sydney University Professor Ben Fahimnia told 9News.
“We’re already seeing the early symptoms of rationing, it’s just not officially declared.”
‘More important than ever’
In an effort to sure up Australia’s supplies, Albanese will head to Singapore, seeking to use the nation’s exports to ride a global crisis.
“The certainty of those clear, close relationships is more important than ever,” Albanese said.
Heading to Asia on Thursday, Albanese will meet with his Singaporean counterpart on Friday, leveraging Australian gas for their oil-based fuel to help get us through the global crisis.
Supply chain analysts say Australia could be just days away from having to ration fuel if shipments do not shore up. (9News)
“Australia’s a very reliable supplier and it’s a very reliable customer,” supply chain expert David Leaney told 9News.
The battle for energy is matched by the battle for food with Australian farmers sending about 80 per cent of what they produce overseas.
But they are susceptible to supply chain disruptions, currently hit by a lack of diesel for machinery and imported fertiliser, which farmers rely heavily on to boost yields.
“There will clearly be impacts on production and volumes of production and that means we have to think carefully about what happens to that product,” food security expert Andrew Henderson told 9News.
Indonesia, which takes a lot of Australian beef, grain and fresh produce have given Australia quiet assurances it will keep sending fertiliser down under.
Indonesia, which takes a lot of Australian beef, grain and fresh produce have given Australia quiet assurances it will keep sending fertiliser down under. (9News)
“We have been relying around 60 per cent of our urea comes through the Middle East,” Agriculture Minister Julie Collins said.
“So this is about securing supplies elsewhere across the globe.”
Rise in e-vehicles and e-bikes
Fuelled by panic-buying at the pump, higher petrol prices are driving a trend towards plug-ins, with EV sales in March double what they were a year ago.
Fuelled by panic-buying at the pump, higher petrol prices are driving a trend towards plug-ins, with EV sales in March double what they were a year ago. (9News)
E-bikes are also increasingly popular.
“We’ve probably seen a four to five-[time] increase in inquiries [and] sales have definitely gone up,” Joshua Lepore from Sydney E-Bikes told 9News.
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