{"id":635682,"date":"2026-04-28T06:30:14","date_gmt":"2026-04-28T06:30:14","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/635682\/"},"modified":"2026-04-28T06:30:14","modified_gmt":"2026-04-28T06:30:14","slug":"coalition-plan-to-secure-more-fuel-for-australia","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/635682\/","title":{"rendered":"Coalition plan to secure more fuel for Australia"},"content":{"rendered":"

THE Coalition has proposed a plan to double Australia\u2019s minimum fuel reserves to 60 days and deliver at least 1 billion litres of new storage through an $800 million Australian Fuel Security Facility.<\/p>\n

The plan will build long-term resilience against future supply shocks in the Parkes electorate.<\/p>\n

Under the plan, the threshold amount of fuel held by industry in Australia\u2019s fuel reserves through the Minimum Stockholding Obligation would be lifted over time to increase stocks of gasoline, jet fuel and diesel.<\/p>\n

Member for Parkes Jamie Chaffey said the national fuel crisis had exposed critical fuel storage gaps in the Parkes electorate.<\/p>\n

\u201cThis crisis has exposed Australia\u2019s vulnerability to global supply shocks of critical liquid fuels, including in the electorate of Parkes \u2013 from Narrabri to Broken Hill, and Lightning Ridge to Parkes,\u201d Mr Chaffey said.<\/p>\n

\u201cThe Coalition\u2019s fuel security package will more than double our fuel reserves and deliver a new wave of vital storage projects \u2013 it\u2019s about locking in our long-term resilience so Australia can stand on its own two feet.<\/p>\n

\u201cI urge the federal government to back our plan and, importantly, commit to increasing our minimum fuel threshold on 1 January 2027 as a positive first step towards locking in our fuel security.\u201d<\/p>\n

Currently, industry is required to hold around 30 days\u2019 worth of reserves for each fuel type.<\/p>\n

In addition to raising the threshold, a dedicated $800 million program will be established to invest in new large-scale fuel storage projects across the nation, significantly boosting the capacity of industry to hold more fuel onshore.<\/p>\n

Leader of the Opposition, Angus Taylor, said Australians expect their country to keep running, but in a crisis, the Prime Minister is always last to lead.<\/p>\n

\u201cThis is a plan the Prime Minister should pick up today. No excuses, no delays,\u201d Mr Taylor said.<\/p>\n

\u201cIf fuel stops, Australia stops. It\u2019s that simple. Trucks don\u2019t move, supermarkets don\u2019t stock, businesses shut their doors.<\/p>\n

\u201cWe are putting forward a practical plan to make sure that never happens. More fuel in reserve, more storage on the ground, and a country that can stand on its own two feet.\u201d<\/p>\n

Leader of The Nationals Matt Canavan said families and businesses needed confidence that fuel would be there when they needed it.<\/p>\n

\u201cThis plan is just common sense. Keep more fuel here in Australia so we are not relying on overseas supply lines that can be cut overnight,\u201d Senator Canavan said.<\/p>\n

\u201cWe cannot keep hoping for the best. We need to be ready, and this plan gets us there.\u201d<\/p>\n

Shadow Minister for Energy and Emissions Reduction Dan Tehan said the Coalition\u2019s plan delivered a clear pathway to stronger fuel security.<\/p>\n

\u201cThe Coalition understands that fuel security is national security: in government, we legislated the Minimum Stockholding Obligation, funded new fuel storage, and backed our refineries,\u201d Mr Tehan said.<\/p>\n

\u201cThis stands in stark contrast to the Albanese Labor Government, which has cut funding for fuel storage projects over three federal budgets.\u201d<\/p>\n

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