Australia's Ampol surges on committing to domestic fuel supply amid Mideast crisis

Ampol

12/03/2026 04:59

** Ampol ALD.AX shares rise as much as 4.9% to A$30.85, their biggest intraday pct jump since March 5

** Among top gainers on broader benchmark S&P/ASX 200 .AXJO, which is down 1.5%

** Australia Energy Minister Chris Bowen said country would temporarily amend fuel quality standards to assist in supply

** Says will allow around 100 million litres per month of new petrol for domestic supply

** Adds, Ampol to ensure priority for regions of shortage, wholesale spot market supporting independent distributors and harvesters

** Competition regulator said on Wednesday it will seek explanations from fuel retailers on pricing during Mideast crisis

** Around 1.4 million Ampol shares traded so far vs 30-day average of 1.1 million

** YTD, stock down 4.1% YTD vs AXJO's 1.2% fall

(Reporting by Nikita Maria Jino in Bengaluru)

((Nikita.Jino@thomsonreuters.com;))