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The Albanese Government will maintain maximum flexibility in the domestic fuel market, by extending the temporary relaxation of the baseline Minimum Stockholding Obligation for petrol and diesel for a further three months.

The Albanese Labor Government has secured another 40 million litres of additional diesel for Queenslanders, through an agreement between Export Finance Australia (EFA) and independent supplier Freedom Fuels.

Good morning. This morning, I convened National Cabinet for an important update on Australia's fuel security. This is the fifth time that National Cabinet has met since the conflict in the Middle East began on February 28. We know, as I've said before, while the conflict is a long way from home, we are not immune to its impacts.

The Albanese Labor Government continues to secure essential fuel and fertiliser to keep Australian agriculture moving, with around 80,250 tonnes of additional urea now locked in through the Government's $7.5 billion Fuel and Fertiliser Security Facility.

Minister for Climate Change and Energy Chris Bowen will travel to Denmark this week to strengthen climate and energy partnerships.

Minister Bowen will meet with energy and climate ministers at the Copenhagen Climate Ministerial to discuss global energy security and accelerate clean energy investment in Australia.

Good morning. It’s great to be here with Minister Bowen who will shortly give our usual Saturday weekly fuel update on Australia’s Minimum Stockholding Obligation for Fuel. Australia remains steady at Level Two in our National Fuel Security Plan, ‘Keeping Australia Moving’.

The Albanese Labor Government has secured approximately 150 million litres, or 900,000 barrels, of additional diesel in three new shipments through partnerships with Ampol, Viva and regional supplier IOR.

These three new fuel shipments are heading to South Australia, Tasmania, Queensland and Victoria, helping get fuel to where it’s needed most, and increasing the distribution spread of additional supplies across the country.

This includes the first shipment with regional supplier IOR, reflecting the Albanese Government’s focus on securing additional supplies for all regions.

The Albanese Labor Government is taking every practical action to ensure Australians have secure, affordable gas.

Following confirmation from industry and experts that Australia’s east coast market has sufficient gas supplies, Minister for Resources and Northern Australia Madeleine King will not implement gas market export controls.

The Albanese Labor Government has secured approximately 90,000 tonnes of agricultural grade urea for Australian farmers, producers, and our agriculture industry to keep Australia’s food supply chain moving.

Through Export Finance Australia (EFA), the Government has partnered with CSBP and Incitec Pivot to support the purchase of these first three shipments of additional fertiliser.

The Albanese Labor Government will deliver more cost-of-living relief in this Budget to take pressure off Australians, including a new permanent $250 tax offset for workers.

Together with our existing tax relief, this new round of tax cuts means the average Australian worker could receive a combined benefit of up to $2,816 from 2027-28.