CANBERRA, ACT, April 16 -- The Prime Minister of Australia issued the following media release:
The Albanese Labor Government has secured approximately 100 million litres of additional diesel for Australians, with two shipments coming from Brunei and South Korea.
This is the first ofthe expected shipments of fuel secured under the Government's new Strategic Reserve powers.
Under these new powers, Export Finance Australia (EFA) has partnered with Viva Energy to make this purchase of more than 570,000 barrels of additional diesel possible.
EFA has also agreed to commercial terms with Ampol, Park Fuels, and IOR. These agreements are supporting them to purchase the additional fuel needed to address regional shortages and critical supply gap...