Citizens are invited to comment on key design features of three measures underpinning the national fuel security plan.
The questions in a government consultation paper include approaches to establishing a fuel security reserve, increasing the minimum stockholding obligation, and supporting the operation of the country’s two remaining domestic refineries beyond 2030.
Minister for Climate Change and Energy Chris Bowen said an historical investment was being made to ensure Australia was not vulnerable to fuel-supply disruptions overseas.
“We’re strengthening Australia’s resilience by building larger fuel reserves, increasing stockholdings, and backing domestic industry to produce more of the fuels we need here at home,” Bowen said.