Australia Channels Export-Grade Gasoline into Domestic Market Amid Tightening Supply -- OPIS

Dow Jones
Mar 12
 

Australia's government has relaxed its gasoline fuel standards to allow local refiner Ampol to channel around 100 million litres per month, equivalent to around 21,000 b/d, of its export-grade gasoline into the domestic market for the next 60 days, according to a news release published Thursday by the Department of Climate Change, Energy, the Environment and Water or DCCEEW.

The move comes as a widening Middle East conflict stokes fears of a global energy supply crunch.

Australia lowered the sulfur limit in its gasoline to a maximum of 10 ppm in Dec. 15, 2025. The caps were previously at 150 ppm for regular unleaded 91 RON and 50 ppm for premium unleaded 95 RON.

Ampol's 109,000-b/d Lytton refinery produces around 40,000 b/d of gasoline, an analyst said. The country's only other refinery, Viva Energy's 120,000 b/d facility in Geelong, is already producing the 10 ppm grade.

The additional supply resulting from the new directive "will help relieve pressure on distribution chains disrupted by elevated demand," the release added.

According to DCCEEW data published earlier, the nation held around 1.563 million litres of gasoline as of March 3, which is 46% above the minimum stockholding obligation or MSO. The volume held is equivalent to 36 days of gasoline supply.

Under the MSO directive, importers and refiners must maintain at least 1.067 million litres of gasoline, equivalent to about 27 days for importers and 24 days for refiners.

- - 

This content was created by Oil Price Information Service, which is operated by Dow Jones & Co. OPIS is run independently from Dow Jones Newswires and The Wall Street Journal.

 

--Reporting by John Koh, jkoh@opisnet.com; Editing by Mei-Hwen Wong, mwong@opisnet.com

 

(END) Dow Jones Newswires

March 12, 2026 06:05 ET (10:05 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10