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Australia Secures Extra Diesel, Boosts Reserves
Published 1 month ago
Description
Australia boosts diesel reserves amid Middle East tensions: The federal government, in collaboration with private companies, secures an additional 100 million litres of diesel, with 50 million litres allocated to Queensland. This move, enabled by new strategic reserve powers, aims to mitigate the impact of the Strait of Hormuz closure, ensuring a 46-day petrol supply and maintaining fuel security amid global price surges.
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