Last mentioned: Mar 21, 2026
Government Warning
Treasurer Jim Chalmers publicly warns fuel majors against disadvantaging independent retailers or consumers.
ACCC Interim Approval
Gina Cass-Gottlieb grants emergency powers with strict conditions against price sharing.
AIP Application
The Australian Institute of Petroleum seeks urgent authorization for industry-wide supply coordination.
Geopolitical Escalation
US-Israeli strikes lead to Iranian retaliation and the closure of the Strait of Hormuz.
The Australian Competition and Consumer Commission has granted urgent interim authorization for fuel companies to coordinate supply chains following the closure of the Strait of Hormuz. While logistical collaboration is permitted to prevent shortages, regulators have issued a stern warning against price collusion.