The Daily News Now!
25 May 2026
Prime Minister Albanese warns that even after Middle East conflict ends, fuel price shocks will linger as shipping routes recover slowly and stranded fuel takes weeks to reach markets. Australia’s petrol reserves now last 43 days — up five days since February — while diesel sits at 38 days and jet fuel at 31, offering relief to key sectors like agriculture. He praised the public for avoiding panic buying. Meanwhile, Foreign Minister Wong secured 660,000 barrels of jet fuel from China amid global supply constraints, bolstering national fuel security. Energy Minister Bowen confirmed Australia’s reserves remain healthy despite global energy turbulence. The government’s earlier 26.3-cent-per-liter fuel excise cut — set to expire in June — was aimed at calming prices amid volatile crude markets hovering above $100/barrel and disrupted shipping lanes like the Strait of Hormuz. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:advertise@thednn.ai This is an automated, high-level news summary based on public reporting.Report issues to feedback@thednn.ai. View sources & latest updates:https://sources.thednn.ai/7fc8f9260edddbc7
0:00 / 0:00