World · East Asia & Pacific · 2 days ago

Australia says it will not buy Russian fuel after Trump’s diesel deal

Australia says it will not buy Russian fuel after Trump’s diesel deal

US President Donald Trump says Russia will supply diesel to US and global markets under a deal with Russian President Vladimir Putin.

The move comes as fuel prices rise amid conflicts in Iran and Ukraine.

Australia’s energy minister, Chris Bowen, said Australia does not need or want Russian fuel and will keep its existing restrictions in place.

He said Australia does not want Russia to benefit from its invasion of Ukraine.

Bowen reported that Australia had 43 days of petrol and 31 days of diesel in reserve.

He also said 51 fuel ships were heading to Australia and fuel deliveries had been contracted for the next four weeks.

Australia plans to keep working with trading partners and domestic refiners to maintain supplies.

What people are saying

We don’t need or want Russian fuel in Australia.
Chris BowenAustralian energy ministervia Guardian Australia
Gifts to Putin will not bring peace or any benefit to the civilised world.
Volodymyr ZelenskyyUkrainian presidentvia ABC Australia
I cannot overstate how much of a nothing burger this is,
Rory JohnstonOil market researchervia ABC Australia
It's clearly not a fix, but another stream to aid a very tight diesel market,
Jim MitchellWood Mackenzie analystvia ABC Australia

Sources

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