There are only a few weeks' worth of petrol and diesel in Australia, prompting the Opposition to commit to a national stockpile.
A national stockpile of crude oil and fuel would be created if Federal Labor won the next election, Bill Shorten has said.Under an international agreement, importers of fuel should have 90 days' worth stockpiledAustralia imports most of its crude oil and refined petrol, and only has a few weeks' worth of fuel in reserve.
Opposition Leader Bill Shorten said creating a government-owned reserve was"an important national security measure". "As we've become more reliant on the global fuel market, we've also become more vulnerable to international risks and uncertainty."
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