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What’s Involved in Albanese’s $10 Billion Fuel Security Plan?

The Labor government plans to establish a state-owned fuel security reserve.
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What’s Involved in Albanese’s $10 Billion Fuel Security Plan?
A BP petrol station advertises prices in Western Australia on March 31, 2026. Susan Mortimer/The Epoch Times
Monica O’Shea
|Updated:
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Prime Minister Anthony Albanese has unveiled a $10 billion (US$7.2 billion) fuel security package to shore up domestic fuel security.

The government is due to deliver its first budget since re-election last year on May 12, 2026.

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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]