Australia’s fuel reserves will be reviewed by the Turnbull government to guarantee reliability stocks supplies.
Prime Minister Malcolm Turnbull described the review is going ensure “good housekeeping” however, Fair Media reports Australia has declining deserves of a 22-day supply of crude oil, 59 days of LPG, 20 days of petrol, 19 days of aviation fuel and 21 days of diesel.
The International Energy Agency expects countries to keep a 90-day supply but Australia has just under 50 days.
Federal Minister Josh Frydenberg revealed it is a prudent assessment to ensure the country is not complacent with the emergency stocks.