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…
-
General23 hours agoBrisbane homelessness services report 48 per cent increase in number of children being supported
-
Noosa News7 hours agoWoman and two boys killed in Gladstone house fire identified
-
General15 hours agoJob figures to set scene for possible interest rate cut
-
General15 hours agoFossil hand bones hint that ancient human relative Paranthropus made tools 1.5 million years ago