What did the government change to support Australian fuel supply?

It temporarily relaxed sulfur limits for petrol and diesel and released fuel reserves. The goal is to boost supply flexibility, support refinery operations, and curb pump price spikes. Officials say the settings are short‑term and will be reviewed as global markets stabilise and shipping risks ease.

Will relaxed fuel standards Australia make petrol cheaper?

They can reduce price spikes by widening sourcing options and improving logistics. Final prices still depend on crude benchmarks, shipping costs, and retail competition. Expect moderation in volatility rather than a big, immediate fall, especially while oil trades near US$100 and Middle East risks persist.

How does the Iran conflict affect Australia’s fuel market?

Tension near the Strait of Hormuz raises risk premiums on oil and refined products. Even without a full shutdown, insurers and shippers price higher risk, lifting costs. Australia competes for supply in Asia, so these pressures can filter through to wholesale prices and eventually the bowser.

What should investors watch around Ampol and Viva Energy?

Track utilisation, maintenance plans, and any updates on blending flexibility at Lytton and Geelong. Watch policy negotiations that could change margins or compliance costs. Also monitor terminal gate prices, ACCC price cycle guidance, and ABS monthly CPI to gauge demand, pass‑through, and sector earnings sensitivity.

Global Market Insights

Australia Fuel Supply March 15: Standards Eased to Curb Price Spike

ByDanny Kontos March 14, 2026March 14, 2026

Australian fuel supply is in focus after Canberra eased sulfur limits and drew on reserves to steady prices. The move comes as disruptions near the Strait of Hormuz push oil toward US$100, raising inflation risk. For investors, the policy shift affects refiners, retailers, and transport margins. We explain what changed, how it may cap pump prices, and what to watch next. We also outline near‑term scenarios for Ampol and Viva, plus key data that could move the sector in coming weeks.