LOCKING IN AUSTRALIA'S FUEL SECURITY

The Morrison Government is taking strong action to further boost Australia’s long-term fuel security by locking in the future of our refining sector.

Australians rely on a secure and reliable supply of fuel whether it’s truckies, tradies, farmers or commuters.

That’s why we are supporting our local refiners and ensuring we have the sovereign capability needed to prepare for any event and keep Australia moving.

We are investing in our refineries through the Fuel Security Services Payment which recognises the vital role refineries play in our long-term fuel security.

The payments are designed to ensure that refineries are supported in downtimes and not when they are performing well.

We are also ensuring better quality fuel is provided across Australia earlier. We will work with the refineries to bring forward improvements to fuel quality to 2024.

Our fuel security package will protect 1,250 jobs, create another 1,750 construction jobs and protect families and businesses from higher prices at the bowser.

This is part of our plan to secure Australia’s recovery from the COVID crisis.

“Diesel and liquid fuel security are critical to Australia’s economy – 98 per cent of the energy for the transport sector is sourced from liquid fuel. This is a big win for every road user.”

Australian Trucking Association - CEO of the ATA, Andrew McKellar

“Australian motorists and the environment will be beneficiaries of the Federal Government’s plans to support the operations of fuel refineries in Geelong and Brisbane.”

Federal Chamber of Automotive Industries

“The security of the production payment provision, along with the investment to make cleaner fuel, will underpin longevity for both refineries. Today’s announcement will save thousands of jobs, both directly at the refineries and indirectly through jobs supported in the community.”

Australian Workers Union - National Secretary Daniel Walton