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Michelle Grattan, Professorial Fellow, University of Canberra

Albanese announces $10.7 billion fuel security package, including government-owned reserve

With the fuel crisis showing no sign of abating, the Albanese government has unveiled a package worth more than $10 billion to protect the country’s fuel and fertiliser security.

The measures include setting up a government-owned Australian Fuel Security Reserve of about a billion litres.

The government would also raise the Minimum Stockholding Obligation by about ten days for every type of fuel.

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