Will relaxing standards cut petrol prices quickly?

It should ease shortages and narrow extreme price spikes, especially where regional stations struggled to restock. However, pump prices also reflect Brent, freight, and terminal costs, so declines may be patchy. Expect some stabilisation first, then gradual normalisation of discount cycles. If demand surges from panic buying, temporary bumps can return. The policy reduces bottlenecks, but global oil and shipping still set the baseline.

How could Ampol refinery output change under the waiver?

The temporary flexibility broadens acceptable blend windows and speeds up cargo acceptance, which can support higher utilisation when economics allow. Ampol refinery output may benefit from easier access to compatible components and smoother logistics. Yet margins depend on crack spreads, crude quality, and freight. Execution will matter: aligning crude runs, maintenance schedules, and distribution is key to translating policy relief into sustained throughput and stable supply.

What should investors watch if Brent stays above $100?

Monitor wholesale price indicators, terminal and servo restocking, and any updates on the IEA oil release. In equities, focus on companies with transparent fuel surcharges, hedging policies, and pricing power. Watch demand conditions too, since weaker consumption can offset cost pressure. Finally, keep an eye on freight rates and shipping delays. If logistics unclog while demand cools, price risks moderate even with high crude.

Global Market Insights

Australia Fuel Prices March 13: Standards Eased to Boost Supply

ByHuzaifa Zahoor March 13, 2026March 13, 2026

Australia fuel prices are front of mind after the government said it will relax petrol quality standards for 60 days. The goal is to add about 100 million litres a month and prioritise regional areas facing shortages. The move lands as the Strait of Hormuz blockade strains global flows and the IEA prepares a record 400 million barrel release. Brent remains above $100, so pump relief may be uneven. We break down the price impact, inflation risks, and investor takeaways for the next two months.