Prime Minister announces $10b fuel security package | ABC NEWS
Prime Minister Anthony Albanese has announced that next week’s federal budget will include a fuel security package.
Mr Albanese says it will provide $10 billion to secure Australia’s near-term fuel and fertiliser security.
The package will establish a permanent government-owned fuel security reserve, he says, and lift the minimum stockholding obligation by about 10 days.
The plan will include $7.5 billion to establish a fuel and fertiliser security facility to increase supply.
He says $10 million will go towards examining whether Australia needs additional fuel-refining capabilities.
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