Government-owned reserve aims to secure diesel and jet fuel amid global turmoil Last updated: May 06, 2026 | 06:07 Australian Prime Minister Anthony Albanese. AFP Australia will establish a national fuel stockpile of one billion litres to shield the nation from an energy crisis triggered by war in the Middle East, Prime Minister Anthony Albanese said Wednesday. Albanese said the government-owned reserve would bolster long-term supplies of diesel and aviation fuel. "Our number one priority remains shielding Australia from the worst effects of this crisis," Albanese told reporters. The measures would be further detailed next week when Australia unveils its yearly government budget.  Australia was one of the few members of the International Energy Agency that did not have a national reserve, Energy Minister Chris Bowen said.…