Shafaqna English– On Wednesday(6 May 2026), Prime Minister Anthony Albanese announced that Australia is investing A$10 billion ($7.22 billion) to increase its domestic fuel reserves and create a permanent government-controlled fuel stockpile.
According to Albanese, the enlarged reserves—totaling roughly 1 billion liters (264 million gallons)—will guarantee that Australia maintains a minimum of 50 days’ worth of fuel on its own soil, protecting the nation against potential future supply disruptions.
Source: Reuters