Diesel rations could come within weeks and prices could top $4/ltr, says Saul Kavonic | The Business

By ABC News (Australia)

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MST Marquee's head of energy research, Saul Kavonic says rationing could come into effect in Australia within weeks, and the price of diesel could skyrocket to $4 a litre, if US President Donald Trump follows through with threats to ban US diesel exports. The price of diesel is close to $3 a litre at the moment. Energy minister Chris Bowen is travelling to Saudi Arabia and India this week to try to secure fuel supplies for Australia. Mr Kavonic says this latest crisis comes a month after the Australian government announced it would disband its fuel supply taskforce. "The only real hypothetical scenarios - which might see us have to revisit rationing - was if passage of oil through the Red Sea started to be disrupted, or the US started to ban fuel exports. A month later, both of these things are now potentially happening at the same time ... if the US does go down this path ... I think we'll be looking at that in a matter of weeks." He says Australia is the largest importer of di

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