May 6, 2026
Labor Pledges $10 Billion Fuel Security Package, Expanding Domestic Reserve
As part of the plan, Labor will establish a government-owned Australian Fuel Security Reserve with a capacity of around one billion litres.
TL;DR
- The Australian government is introducing a $10 billion Fuel Security and Resilience package.
- A government-owned Australian Fuel Security Reserve with a capacity of around one billion litres will be established.
- Fuel suppliers must maintain an additional 10 days' worth of fuel reserves.
- The goal is to ensure a minimum of 50 days' worth of petrol, diesel, and jet fuel storage.
- Funding includes $7.5 billion for a fuel and fertiliser security facility and $3.2 billion for the reserve.