The recent rise in fuel prices is placing real pressure on the forestry and wood processing sector alongside the broader Research and Development Corporation (RDC) community.
Our role is to draw on relevant research and information to support decision-making on fuel supply, fertiliser and broader supply chain pressures. We continue to work closely with DAFF, RDCs and industry stakeholders to stay up to date with the latest information as part of a coordinated national response.
Based on latest information, we’re able to share:
- As conflict in the Middle East persists and disrupts global energy supply, the impact on Australian businesses is becoming significant.
- At the wholesale level, based on Terminal Gate Prices (TGP), the national average for petrol increased by 58% and for diesel by 88% between late February and late March (see the Figure below).
- As with many industries across Australia, this has a direct impact on operating costs, particularly transport and delivery.
- For the forestry and timber manufacturing sector, the effects are substantial across harvesting, haulage, production, and delivery.
Additional information can be found via the following sites:
Minimum stockholding obligation (MSO) for liquid fuels: statistics – DCCEEW
Government-delivering-more-fuel-relief-through-deal-states
6-15-billion-brought-forward-support-business
Fuel-excise-halved-three-months
For ongoing updates and information, check the following sites:
Australia’s fuel security – DCCEEW
Fuel Supply and Supply Chain Watch
