The Albanese Labor Government has announced today that the Federal Budget next week will include an Australian Fuel Security and Resilience package to ensure energy sovereignty and protect our nation’s energy interests.
The package will provide more than $10 billion to secure Australia’s near-term fuel and fertiliser security, establish a permanent Government-owned Australian Fuel Security Reserve of around a billion litres, and lift the Minimum Stockholding Obligation by around 10 days for every type of fuel.
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