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The Albanese Labor Government will deliver a major fuel security and price relief package in the Budget, investing $14.8 billion to immediately secure more fuel, strengthen Australia’s supply chains and build long-term resilience to future fuel shocks.

The Albanese Labor Government is delivering a stronger and more sustainable Budget with smaller deficits, less debt and net policy decisions that improve the bottom line.

Responsible economic management is a defining feature of this Government and this Budget is our most responsible yet.

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.

Thanks for coming everyone. Today I’m delivering the weekly update on the amount of fuel that we have in Australia and on the way.

Thanks for coming, everyone. Australian gas under Australian water under Australian soil is very important for Australia's future. We believe in the Albanese Government that Australians should have the chance for a fair go at first access to that gas. 

The Albanese Labor Government will introduce a domestic gas reservation scheme that will require gas exporters supply a proportion of their total production to the Australian market – equivalent to 20 per cent of exports, from 1 July 2027 – ensuring Australians have the affordable gas they need.

Good morning. This morning, the National Cabinet has met for another important update on our preparedness for the National Fuel Security Plan. It is important to recognise the fact that the longer that the Strait of Hormuz is essentially shut, even in spite of the ceasefire being in place for four weeks now, the longer this conflict goes, the greater the impact will be. It's as simple as that.

The package will provide $10 billion to secure Australia’s near-term fuel and fertiliser security, establish a permanent government-owned Australian Fuel Security Reserve, and lift the Minimum Stockholding Obligation for every type of fuel.

Australia and Japan have reached an agreement to further strengthen energy security in our region.

Alright, well thanks for coming out this morning. Today is my weekly fuel supply update for the public. And firstly, given that we are now into May, I can tell you that over the course of April we received 92 shiploads of fuel - 92. That’s up substantially, compared to 77 in March and 81 in January.