The Federal Government has made its first major move to shore up the nation’s fuel supplies and ease pressure at the pump. It is taking on financial risk in a bid to encourage private operations to source cargos of fuel on the increasingly volatile international market cause by the war in the Middle East.
Breakdown
- Government announces new powers to secure extra fuel cargos 12s
- Energy Minister says fuel reserves remain steady 37s
- Australians urged not to panic buy or stockpile fuel 56s
- Queensland plans to fast-track major oil and gas project 1m 11s
- Opposition calls to halve fuel excise; government considers cost measures 1m 39s