Business
Taxpayers pay to stockpile oil, keep refineries going – The Australian Financial Review
The Morrison government will subsidise local refineries to stay open and boost storage to help avert fuel supply shocks.
“Like all sectors of the economy, the COVID-19 pandemic is having an impact on Australias fuel industry. The events of 2020 have reminded us that we cannot be complacent. We need a sovereign fuel supply to shield us from potential shocks in the future.”
Rival proposal
However, the government’s plan may fall short according to some stakeholders, with unions developing a rival proposal to slug motorists with a 1.22¢ a litre surcharge to upgrade refineries to meet tougher fuel standards as well a…
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