Proposal to allow continued cooperation on fuel supply security measures
The Australian Institute of Petroleum (AIP) and major oil refineries will be allowed to continue to cooperate on measures to ensure the security of fuel supplies in Australia during the COVID-19 pandemic, under a proposed authorisation from the ACCC.
The COVID-19 pandemic has caused a significant decline in demand for jet fuel and petrol in Australia, and there is a potential for disruptions to the international supply chains for fuel imported into Australia.