"The International Energy Agency released a series of steps on Friday that would ease the burden of the global oil price spike. Recognising 45 per cent of the world's oil demand comes from road transport, the agency urged workers to stay at home where possible and consider public transport if they need to travel."
"Federal Energy Minister Chris Bowen said a 'very low percentage' of service stations had run dry but dozens in one jurisdiction have reported having no petrol or diesel. Figures from NSW showed that of the state's roughly 2,500 service stations, 42 had no petrol and the number without diesel had risen from 80 to 107."
"NRMA spokesman Peter Khoury said the role of those smaller outlets needed to be protected because they were often the ones that put downward pressure on prices to compete against larger rivals. 'When the largest capital cities have price cycles, at the top of the cycles it's always the independents that are the cheapest.'"
The International Energy Agency recommends Australians work from home and drive at slower speeds to mitigate oil demand during the Middle East conflict. With 45% of global oil demand from road transport, the agency suggests using public transport when necessary. A 10km/h reduction in highway speed limits could decrease fuel consumption. Additionally, reducing air travel and avoiding liquefied natural gas for cooking can help protect vulnerable households. Many service stations in NSW have run out of fuel, highlighting the impact of unprecedented demand on supply chains.
Read at SBS News
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