Global supply disruptions from the ongoing war in Iran have cancelled fuel shipments to Australia, sparking panic buying and empty pumps across major states.
Treasurer Jim Chalmers doubled fines for price gouging to $100 million, with over 500 reports to regulators, while officials monitor stockpiles at 36 days for petrol and 34 for diesel.
A leaked emergency plan outlines potential rationing limits like 16 litres per pump, though the government insists it’s not needed yet and urges against hoarding.
