Overview
The Australian Government is committed to further strengthening Australia’s fuel security and resilience. This is supported by an investment of $3.2 billion in the 2026-27 Budget to establish the Australian Fuel Security Reserve, alongside a decision to uplift the Minimum Stockholding Obligation. The Government is also committed to retain and sustain Australia’s domestic refining capacity.
We seek your views on the proposed design of three key measures:
the Australian Fuel Security Reserve (AFSR): a government-controlled 1 billion litre strategic fuel reserve, focussed on diesel and jet fuel
increasing the Minimum Stockholding Obligation (MSO) by 10 days for each of diesel, petrol and jet fuel
policy to support our two domestic refineries to continue operating in the decade beyond 2030.
We invite your views on:
proposed design
feasibility and implementation challenges
benefits, costs and other impacts on industry, markets, and consumers.
Your feedback will help inform final policy settings, legislative design, implementation pathways and future funding decisions. By participating in this consultation, you can help shape Australia’s future fuel security framework and strengthen the resilience of our liquid fuels supply system.
Consultation documents
Strengthening Australia’s Fuel Security and Resilience [PDF 1.3MB]
Strengthening Australia’s Fuel Security and Resilience [DOCX 3.3MB]
