Western Australia Mulls Own Diesel Reserve After War Disruptions

Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.Author of the article:You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — Western Australia is considering its own strategic stockpile of diesel with fuel paid for by the state after the Iran war led to shortages for key industries such as farming and mining.Subscribe now to read the latest news in your city and across Canada.Subscribe now to read the latest news in your city and across Canada.Create an account or sign in to continue with your reading experience.Create an account or sign in to continue with your reading experience.“This would be solely for West Australians and be directed at the discretion of the state government to areas that need it most,” Energy Minister Amber-Jade Sanderson said at a press conference on Sunday, adding that more details would be provided in the coming days and weeks. The reserve would hold “millions of liters” and use “capacity in the existing distribution network,” she said.The minister didn’t immediately respond to request for comment on Monday. Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againInterested in more newsletters? Browse here.Western Australia is the country’s biggest producer of wheat and is home to vast mining operations including iron ore and gold, with Sanderson estimating the state accounts for 25% of the nation’s diesel consumption.

Prime Minister Anthony Albanese is due to visit more Southeast Asian nations this week in an effort to shore up fuel supplies as the Iran war shows no signs of abating.Establishing a strategic reserve is a “sensible move,” said Aaron Morey, chief executive officer of the Chamber of Minerals and Energy of Western Australia, adding that the CME was looking forward to continuing work with the government “on the design and implementation” of the mechanism.The Western Australian Farmers Federation said that they proposed separate stockpiles at a roundtable with the government on March 10, according to a statement, adding that it would improve supply security for growers.Postmedia is committed to maintaining a lively but civil forum for discussion. Please keep comments relevant and respectful. Comments may take up to an hour to appear on the site. You will receive an email if there is a reply to your comment, an update to a thread you follow or if a user you follow comments. Visit our Community Guidelines for more information.365 Bloor Street East, Toronto, Ontario, M4W 3L4© 2026 Financial Post, a division of Postmedia Network Inc. All rights reserved. Unauthorized distribution, transmission or republication strictly prohibited.This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. By continuing to use our site, you agree to our Terms of Use and Privacy Policy.You can manage saved articles in your account.and save up to 100 articles!You can manage your saved articles in your account and clicking the X located at the bottom right of the article.