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Australia rules out Russian fuel despite US trade deal

Summarised from 2 outlets · 5 reports · Updated 10 Oct, 03:55 · Archive

Australian Energy Minister Chris Bowen has ruled out importing Russian diesel after the US agreed a supply deal with Moscow. President Donald Trump announced an arrangement for Russia to supply the US with 1.8 million tonnes of diesel as prices rise amid conflict with Iran, with Mr Trump saying 300,000 tonnes would be immediately delivered to US and global markets, with more to follow.

Mr Bowen said Australia will not follow suit. 'We don't need or want Russian fuel in Australia,' he said on Saturday. 'We have arrangements in place as best we possibly can with our trading partners to ensure that Russian fuel does not flow in Australia.' He added that Russia should not be rewarded for its 'illegal and immoral invasion of Ukraine' by any arrangements resulting from the Middle East crisis.

Diesel prices in Australia have risen sharply since conflict began in Iran in February, reaching slightly more than $2.83 per litre according to PetrolPulse data. Unleaded 91 across Australia's capital cities averaged $2.43 per litre. Mr Bowen confirmed Australia's fuel reserves stood at 43 days' worth of petrol, 31 days of diesel and 30 days of jet fuel.

Australia rules out Russian fuel despite US trade deal
Image: Perth Now

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In this story: Chris Bowen · Donald Trump · Vladimir Putin · Australia · United States · Russia

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