7 News
·general
·1 hour ago
Albanese budget allocates $10 billion to boost Australia's fuel security reserves
Prime Minister Anthony Albanese's 2026 budget includes a $10 billion fuel and fertiliser security plan, establishing a government-owned fuel reserve of about one billion litres. The $3.2 billion fuel reserve will increase Australia's critical fuel reserves to 50 days, while $7.5 billion supports a fuel and security facility. The budget aims to strengthen long-term diesel and aviation fuel supply.
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