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BackAustralia says it won’t buy Russian fuel despite Trump’s diesel agreement
Australia says it won’t buy Russian fuel despite Trump’s diesel agreement
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SCMP Economy4 hours agoEnergy1 min readChina

Australia says it won’t buy Russian fuel despite Trump’s diesel agreement

australiarussiafuel import ban

Quick Look

  • Australia will keep its ban on Russian fuel imports to prevent revenue for Moscow's war effort, citing sufficient domestic petrol and diesel reserves.
  • Energy Minister Chris Bowen stated the country does not need or want Russian fuel, rejecting any benefit to Vladimir Putin from the war.
  • Australia has 43 days of petrol and 31 days of diesel stockpiles.

AI-generated summary

Why It Matters

Australia has maintained an import ban on Russian fuel since the invasion of Ukraine to prevent revenue for Moscow's war effort. The ban remains in place despite global fuel price pressures and US efforts to release Russian diesel supplies.

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Canberra will maintain its import ban to block revenue for Moscow’s war effort, citing sufficient domestic petrol and diesel reserves

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Published: 12:09pm, 10 Oct 2026

Australia has no need to buy fuel from Russia and said that purchases from there would remain barred so that the country did not benefit from the invasion of Ukraine.

“We don’t need or want Russian fuel in Australia,” Chris Bowen, Australia’s minister for climate change and energy, said on Saturday at a press conference in western Sydney. “We do not want Vladimir Putin to benefit from this war in the Middle East. What the United States does is a matter for them, but we won’t be changing our approach.”

President Donald Trump announced on Friday a series of cargoes beginning this month totalling about 13.5 million barrels initially. He is working with Russian President Putin to release Russian diesel supplies into global markets, a move that upends years of sanctions as the White House seeks ways to tame soaring fuel prices ahead of the US midterm election.

Bowen also said that Australia had 43 days’ worth of petrol, two days more than a week earlier, while diesel stocks sat at 31 days’ worth, one day less.

What to Watch

AI outlook — possibilities, not facts

  • Australia will maintain its Russian fuel import ban for the foreseeable future

    Likely · Within months

Open Questions

  • How long will Australia maintain its Russian fuel import ban?
  • What impact will US efforts to release Russian diesel have on global fuel prices?
  • Will Australia reconsider its position if domestic fuel stocks decrease significantly?

Related Topics

australia
PeopleChris BowenVladimir PutinDonald Trump
OrganizationsAustralian GovernmentRussian GovernmentUnited States Government
PlacesCanberraWestern SydneyRussiaUnited States
Topicsrussiafuel import banchris bowenvladimir putindiesel reservespetrol stocks
This article was originally published by SCMP Economy.

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