Chris Bowen urges motorists not to panic-buy petrol as oil prices jump amid Iran conflict

Energy minister says ‘there is no need to rush to the service station and fill up’ as treasurer urges consumer watchdog to monitor for price gouging Follow our Australia news live blog for latest updates Get our breaking news email , free app or daily news podcast The energy minister, Chris Bowen, says motorists should not panic-buy fuel amid the escalating conflict in the Middle East , with refiners assuring the federal government the country has secure supply to last through to May. Australia currently has about 36 days of petrol supply in reserve, as well as 34 days of diesel and 32 days of jet fuel, well below international benchmarks. Continue reading...