The Federal government is expected to unveil a $211 million boost to help build new fuel storage facilities in Australia.
The federal government is expected to unveil a $211 million boost to help build new fuel storage facilities in Australia. Prime Minister Scott Morrison and Energy Minister Angus Taylor are today expected to make the announcement which will see a 780 megalitre increase to the nation’s fuel storage capacity.
The plan is expected to support 950 Australian jobs during the construction phase, as well as help struggling refineries in an effort to prevent a future spike in fuel prices. Legislation will also to be introduced to ensure a minimum number of days of fuel will be kept in Australia. The Prime Minister said the move was about shielding Australians from any potential fuel shocks in a post-pandemic world.
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