Prime Minister Anthony Albanese is assuring Australians that the country's fuel supply is secure amidst the ongoing Iran war.

His assurance comes as the Australian Competition and Consumer Commission (ACCC) announced that it will be investigating the country's major fuel suppliers.

Fuel Supply Is Secure, Says Albanese

According to a report by Sky News, Albanese has reminded Australians to only take fuel that they need and avoid hoarding.

"I want to assure Australians at this time that Australia is well prepared. Our fuel supply is currently secure. However, I want us to be over prepared," said the prime minister.

"I reiterate today my message to Australians is please do not take more fuel than you need," he added. "That is how you can help. That is the Australian way."

Albanese has also assured that more measures that will help Australians will be announced in the coming days

ACCC Announces Investigation on Major Fuel Suppliers

His comments come just as the ACCC announced that it is investigating major fuel suppliers in the country over alleged anti-competitive conduct. Albanese has confirmed that the investigation has been launched and that he is aware of it.

According to The Guardian, among the major fuel suppliers that will be investigated are Ampol, BP, Mobil and Viva Energy.

As part of the investigation, the ACCC will look into reports about diesel availability for independent wholesalers and distributors in regional and rural parts of the country.

"It is not our usual practice to publicly announce investigations, but given the significance of the issue, the ACCC is confirming this enforcement investigation," ACCC Chair Gina Cass-Gottlieb said in a statement.

"It is important that fuel market participants and the community know that we are closely watching market conduct in relation to all fuels and we will not hesitate to act swiftly to enforce Australia's competition and consumer laws," she added.

© International Business Times