Penny Wong (SA, Australian Labor Party, Minister for Foreign Affairs) Share this | Hansard source

Senator Hanson, I'd again say to you that in relation to how much of our stockholding obligations we have compared to the minimum obligations—what we are required to hold and what we hold—the advice to me is that diesel is at 116 per cent of those holding obligations.

We understand the potential risk to the global economy and markets for energy that this conflict is causing, so of course we will continue to take action. This includes the ACCC being asked for assistance in terms of avoiding the price gouging of consumers. We also, as you know, have put in place coal and gas price caps and have established domestic fuel reserves for diesel, petrol and jet fuel in Australia.