Ampol Assures Fuel Supply Amid Global Disruptions

0:00It's March 20th, here's your sending news in two minutes. Australia's biggest petrol station chain, Amphol, which runs over 1,800 sites nationwide, says it has plenty of fuel stock despite some, panic buying, causing temporary shortages at pumps. The company is speeding up deals for alternative supplies from the United States and Europe, as the Middle East conflict disrupts oil flows to Asia. China's recent halt on exports of petrol, diesel, and jet fuel has cut about 15% of the region's supply. Adding to the strain from the war, Amphol's chief executive notes some industry hiccups but stresses their inventories remain solid. Panic buying has led customers to rush stations, especially in Sydney, where a few Amphol outlets ran dry on Friday. These issues clear up within hours as fuel shifts from nearby locations, not due to any real shortage. Petrol prices have hit a record average of $2.19 per liter across the country, up 20% since

1:00the conflict started. Amphol is deferring major maintenance at its Litton refinery from June until early August to keep production steady. With just two refineries left in Australia, the nation depends on imports for 90% of its fuel needs, making these global shifts all the more critical to watch.