Petrol supplies nationwide, including diesel, are looking promising

The nation's fuel supplies are looking promising tonight.

A deal on more of the precious liquids is now official but there are concerns other key supplies could come under threat while the US and Iran remain at war.

An uptick in petrol supplies was announced today by Prime Minister Anthony Albanese.

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"We'll continue to work around the clock to shield Australia from the impacts of this war."

Nationally, the number of petrol stations without diesel has dropped from 173 last week to 120 today, or just 1.5 per cent of all petrol stations around the country.

And there are more supplies on the way with 61 fuel ships enroute, which is up by four.

The government is building up the stockpiles of petrol as the nation now sits on 46 days of emergency supplies, eight more days than last week.

And stocks of diesel and jet fuel remain relatively steady.

"These are more than we had on hand before the Iran conflict," Energy Minister Chris Bowen said.

Foreign Minister Penny Wong finalised an agreement with Singapore to ensure fuel supply continues.

"Friends always matter and even more so in difficult times and these are difficult times," Wong said.

Anthony Albanese attended a virtual meeting with close to 50 world leaders overnight when they learned the Strait of Hormuz had re-opened.

Australia will take part in more talks next week with the Prime Minister confirming increased military assistance could be on the table to keep the crucial waterway open.

"It's fair to say that we'll give consideration to requests which are made when we come together," Albanese said.

Opposition Leader Angus Taylor agreed with the PM's sentiment.

"We as a country should do everything we can to respond to reasonable requests for our cooperation," he said.

The Opposition Leader said any deals done abroad need to flow through to prices here at home.

While the latest government figures show positive signs Australia's fuel supplies are stabilising, there's only so much the government can do to control a war on the other side of the world.

Especially as the situation in the Strait of Hormuz remains uncertain and volatile.

"So far we have done a good job, but we need the war to end and we need that strait to open permanently," NRMA's Peter Khoury told 9News.

The Prime Minister today said even when the war does end, it could take up to 90 days for those supplies to reach Australian shores.

And the longer this uncertainty remains, the more concerns grow over other crucial supplies.

The government is firing up the National Incident Centre, which hasn't been activated since the end of the pandemic to deal with looming medical equipment and potential drug shortages.

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