ABC News – Top stories ·general ·3 hours ago

Speculation builds on how upcoming budget will address fuel supply

Fuel industry experts anticipate Australia’s federal budget on May 12 will focus on energy security amid ongoing supply chain vulnerabilities exacerbated by the Iran war. Energy Minister Chris Bowen indicated that options like refinery upgrades and increased storage capacity are under consideration, as current minimum stockholding obligations are deemed inadequate. Analysts warn that any enhancements may heighten fuel prices.

Summary by Glance · ABC News – Top stories

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