Australia commits $7 billion to boost fuel stockpiles, create government reserve
Reserve of around 1b litres to ensure Australia holds at least 50 days of fuel to shield it from future supply shocks An oil products tanker passes the Sydney Opera House at sunrise in Sydney, Australia, March 21, 2026. PHOTO: REUTERS Australia will spend A$10 billion ($7.22 billion) to boost its national fuel stockpiles and…