Prime Minister Anthony Albanese has abruptly brought forward a high-stakes visit to Singapore, as the federal government scrambles to fortify Australia's dwindling fuel reserves against an escalating global energy crisis.
Originally slated for later this year, the bilateral talks with Singaporean counterpart Lawrence Wong will now take place on April 9.
The diplomatic pivot comes as the conflict in the Middle East enters its sixth week, sparking fears that key Asian refining hubs may soon prioritise domestic demand over exports.
While Australia currently holds 39 days of petrol and 29 days of diesel reserves, the nation remains precariously dependent on Singapore for refined fuels following the closure of most domestic refineries.
“Nothing beats face-to-face engagement,” Albanese said in Canberra, describing the trip as a critical progression of recent joint commitments to keep trade flowing.
"Australia is facing a more uncertain world, and the certainty of these close relationships is more important than ever."
Domestically, the strain is mounting. Energy Minister Chris Bowen confirmed that over 240 service stations nationally are currently without diesel, with shortages most acute in New South Wales and Victoria.
The crisis has already hit the aviation sector, with Air New Zealand and Jetstar slashing trans-Tasman services due to soaring jet fuel costs.
The Opposition has slammed the government’s response, with Leader Angus Taylor labelling the diesel shortage an "absolute disaster" for the agriculture sector ahead of the winter cropping season.
As the Strait of Hormuz remains effectively closed, the government continues to weigh the possibility of fuel rationing to maintain essential services.