- System
- IEA
- Holding model
- obligated industry
- Stockholding body
- Department of Climate Change, Energy, the Environment and Water (DCCEEW) under the Fuel Security Act 2021 and the Minimum Stockholding Obligation Rules 2022; importers and refiners are the obligated entities. No government owned strategic reserve in the established system
- Obligation
- IEA: 90 days of net imports (Australia has held below this benchmark). National Minimum Stockholding Obligation baseline stocks: gasoline 24 days for refiners and 27 days for importers; kerosene 24 and 27 days; diesel 20 days for refiners and 32 days for importers (DCCEEW)
- Reporting
- weekly
Compliance under the Minimum Stockholding Obligation is by volume held, not by days. Obligated entities report weekly; DCCEEW publishes weekly statistics during the current disruption period and quarterly and annual statistics normally.
Latest disclosure
DCCEEW publishes product level statistics rather than one combined total. June quarter 2026 averages: gasoline 1,870 megalitres (44 days of consumption), kerosene 852 megalitres (31 days), diesel 3,304 megalitres (36 days). DCCEEW also reports that on average in 2024 to 2025 Australia held 50 IEA days, below the 90 day IEA obligation.
Last recorded action
2026-10-01: release of 4.8 million barrels. Australian contribution to the IEA collective action recorded at 4.8 million barrels of oil products. Domestically the instrument is a temporary reduction of the Minimum Stockholding Obligation allowing suppliers to hold 20 percent less petrol and diesel, extended to 31 January 2027. (source)