---
title: "Australia releases gasoline and diesel reserves"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279071005.md"
description: "Australia's Minister for Climate Change and Energy, Chris Bowen, announced the release of up to 762 million liters of gasoline and diesel to alleviate pressure on fuel supply chains. At the same time, the government will temporarily adjust fuel quality standards to allow gasoline with higher sulfur content to enter the market. In addition, the 32 member countries of the International Energy Agency agreed to release 400 million barrels of strategic oil reserves to address global oil supply tightness caused by military strikes by the U.S. and Israel on Iran"
datetime: "2026-03-13T16:12:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279071005.md)
  - [en](https://longbridge.com/en/news/279071005.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279071005.md)
generator: "portal-rs"
---

# Australia releases gasoline and diesel reserves

Australia's Minister for Climate Change and Energy, Chris Bowen, announced today (March 13) that up to 762 million liters of gasoline and diesel will be released from domestic reserves to alleviate pressure on fuel supply chains. The day before, the Australian government announced that it would temporarily adjust the country's fuel quality standards over the next 60 days, allowing gasoline with higher sulfur content to enter the market to increase domestic fuel supply. On March 11, the 32 member countries of the International Energy Agency, including Australia, unanimously agreed to release 400 million barrels of strategic oil reserves to address the global oil supply tightness caused by U.S. and Israeli military strikes on Iran. (CCTV International News)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**