Australian Energy Minister Chris Bowen announced on Saturday that the country will continue its measures to release domestic fuel reserves.

Australia is currently still dealing with the impact of the Iran situation on energy supplies. This policy allows fuel companies to temporarily reduce the minimum reserve holdings by 20%, releasing up to 762 million litres of petrol and diesel. After this extension, the policy will remain in effect until September. This measure was first introduced in March this year, mainly to ease fuel shortages and especially to ensure supply to remote areas, and was originally due to expire in July. In a televised address, Bowen stated: "I believe continuing with this flexible policy is the optimal choice."