Albanese announces $10.7 billion fuel security package, including government-owned reserve
To be financed off-budget and implemented fully by 2030, the plan includes $3.2 billion for a government-owned storage facility.
But details are scarce.
Australia plans $10B fuel security
- More than $10 billion to boost fuel supplies and emergency stockpiles ABC News —
- Australia to build government-owned fuel stockpile for first time since World War II Sydney Morning Herald —
- Australia to establish 1 billion litre national fuel stockpile The Straits Times —
- Albanese announces fuel stockpile plan amid Hormuz blockade concerns Middle East Eye —
- Australia commits $7 billion to boost fuel stockpiles, create government reserve - Reuters Reuters —