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Coalition unveils road map to turbocharge fuel capacity
The plan would add 1 billion litres of onshore storage and raise minimum stockholdings, with the Coalition saying it could lift fuel security by 2030.
- On Tuesday, Opposition Leader Angus Taylor will unveil an $800 million plan to boost Australia's minimum fuel reserves to 60 days by 2030, strengthening supply chain resilience.
- Conflict in the Middle East has closed the Strait of Hormuz, choking off about 20 per cent of global oil exports and exposing Australia's dependence on overseas fuel supplies.
- Taylor's proposed Australian Fuel Security Facility would provide $800 million to help companies build large-scale storage, delivering at least 1 billion litres of new onshore capacity with focus on diesel.
- Coalition modelling suggests the mandate would increase petrol prices by about 1 cent per litre; Nationals leader Matt Canavan called the policy "prudent insurance" for families and businesses.
- Energy Minister Chris Bowen has ruled out government funding for new refineries, focusing instead on resilience measures ahead of the federal budget announcement on May 12.
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The Canberra TimesReposted by 
The West Australian
The West AustralianCoalition unveils road map to turbocharge fuel capacity
At least one billion litres of new storage would be delivered under a coalition plan to shore up...
·Canberra, Australia
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Coverage Details
Total News Sources19
Leaning Left5Leaning Right4Center2Last UpdatedBias Distribution46% Left
Bias Distribution
- 46% of the sources lean Left
46% Left
L 46%
C 18%
R 36%
Factuality
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