06/05/2026
Today the Prime Minister announced that next weekās Federal Budget will include an Australian Fuel Security and Resilience package to ensure energy sovereignty and protect our nationās energy interests.
The package will provide more than $10 billion to secure Australiaās near-term fuel and fertiliser security, establish a permanent Government-owned Australian Fuel Security Reserve of around a billion litres, and lift the Minimum Stockholding Obligation by around 10 days for every type of fuel.
This will support an overall expansion of Australiaās onshore fuel reserves to ensure at least 50 days of fuel supply and storage of diesel and aviation fuel.
The Australian Fuel Security and Resilience package will deliver:
⢠$7.5 billion for the establishment of a Fuel and Fertiliser Security Facility to increase supply and storage of fuel and fertiliser by providing financial support including loans, equity, guarantees, insurance and price support.
⢠$3.2 billion to establish a Government-owned Australian Fuel Security Reserve of around a billion litres to increase long term diesel and aviation fuel supply and storage in combination with an increase to the Minimum Stockholding Obligation (MSO), to increase Australiaās critical fuel reserves to 50 days. Our Australia Fuel Security Reserve will focus on regional stockouts and supply constraints for essential users in the event of another supply crisis.
⢠$10 million to support feasibility studies into new or expanded fuel refining capabilities, to be co-funded with state and territory jurisdictions.