Fuel security after Hormuz | That's Business with Alan Kohler

The war between Iran, the US and Israel has forced the world to confront just how fragile energy supply still is. Even with a memorandum of understanding now in place, the Strait of Hormuz remains a live fault line - and the shock has again exposed how quickly fuel security can become an economic and political question.

Matt Halliday runs Ampol, one of Australia’s biggest fuel retailers and the owner of the Lytton refinery in Brisbane. He joins Alan Kohler to talk about what the conflict exposed about Australia’s fuel vulnerabilities, how Ampol managed through the disruption, and why refining, storage and supply have once again become strategic questions - not just commercial ones.

It is also a conversation about the transition already under way - electric vehicles, public charging, low-carbon fuels, and how a company built around petrol and diesel plans for a market that is slowly, unevenly, starting to shift.

And yes - Alan also asks the obvious question: does the chief executive of Ampol see an electric car in his own future?

Ampol chief executive Matt Halliday joins Alan Kohler to unpack it all on That's Business with Alan Kohler.

00:00 - Intro to Matt Halliday, CEO of Ampol Australia
00:50 - How much oil is getting through the Strait of Hormuz?
01:28 - Importance of crude oil out of the Middle East for Asian refineries
02:40 - Will Iran charge a toll for the passage of ships through the Strait?
03:17 - Vulnerabilities for the Strait of Malacca and the Red Sea
04:04 - War's impact on Australia's supply chain
05:19 - Ampol Lytton oil refinery
06:50 - Profit margins during the war
08:40 - Fuel Security Services Payment
10:22 - Do we need Australian oil refineries?
11:06 - Petrol, diesel and jet fuel prices
12:12 - Structural shift away from petrol
12:55 - Investment in Lytton refinery
13:20 - Electric Vehicle uptake
14:10 - Will petrol become uneconomic?
15:05 - Ampol's business plan for EVs and charger network
16:50 - Business model for EV chargers
18:52 - Dynamic pricing for EV chargers
20:20 - Business of public charging
21:07 - Fuel and charging demand during the war
22:00 - The economics of EV charging
24:25 - Ampol's approach to Net Zero
26:00 - Low carbon liquid fuels
27:25 - Hydrogen fuel cells
28:00 - Renewable energy to power charging stations

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