Fuel Security 2021

# Fuel Security Bill 2021 ## What it does The government is requiring fuel companies to keep emergency stockpiles of petrol, diesel, and other fuels in Australia at all times. Companies that import or sell fuel must hold enough stock to supply the country for a set number of days (the bill sets this as a target but doesn't specify the exact number). If a company can't meet these requirements, they need permission from the government or face penalties. ## Why it matters Australia imports most of its fuel, so if global supply chains break down — due to war, natural disaster, or a shipping crisis — we could run out of petrol at the pumps. This law forces fuel companies to act as a buffer, keeping reserves on hand so the country doesn't grind to a halt while waiting for new shipments. It's basically insurance against supply shocks. ## Key details - **Who's affected**: Any company that imports fuel or sells it commercially in Australia must comply — this includes refineries and major fuel distributors - **Flexibility built in**: Companies can apply to temporarily reduce their stockpiles if it's genuinely necessary, and the Minister can suspend the rules in certain circumstances - **Ongoing reporting**: Fuel companies must regularly notify the government about their stock levels and any changes to their operations

🔒 Voting closed — this bill has been decided by parliament