Australia’s government has announced emergency measures to secure critical fuel supplies, as rising global tensions and shortages begin to impact domestic availability.

Prime Minister Anthony Albanese said the government will introduce legislation to allow Export Finance Australia to underwrite imports of fuel, fertiliser, and other essential commodities. The move is aimed at ensuring additional supply reaches the country as global markets tighten due to ongoing conflict in the Middle East.

Under the plan, the government will help reduce financial risks for private importers purchasing large shipments of fuel. Albanese emphasized that the support would not apply to routine imports but would focus specifically on securing additional supplies available on international markets.

The announcement comes as fuel prices surge across Australia, with shortages already being reported in several regional areas. The government acknowledged that hundreds of service stations have run out of at least one type of fuel, raising concerns about supply stability.

Energy Minister Chris Bowen revealed that Australia currently holds limited reserves, including 39 days of petrol, and about 30 days each of diesel and jet fuel. While officials say short-term supply remains stable, they have warned that conditions could worsen in the coming months without intervention.

Albanese said the government is working intensively to prepare for potential disruptions, describing efforts to build a “strong and resilient” response. He also highlighted ongoing discussions with key partners, including Malaysia and countries in the ASEAN region, to secure continued energy supplies.

To address the growing crisis, Albanese will convene a national cabinet meeting to coordinate a unified response across federal and state governments. The meeting is expected to focus on both immediate supply concerns and longer-term energy security strategies.

Meanwhile, Opposition Leader Angus Taylor has called for temporary relief measures, including a three-month reduction in fuel excise, to ease the burden on consumers facing rising costs.

The government’s intervention reflects mounting global uncertainty and underscores Australia’s vulnerability to international supply disruptions, particularly in times of geopolitical conflict.