Original article by Sarah IsonRosie Lewis
The Australian – Page: 1 & 4 : 9-Apr-26

The Australian Chamber of Commerce & Industry’s CEO Andrew McKellar says the federal government should capitalise on the temporary ceasefire in the Persian Gulf to increase the nation’s fuel security. A number of Labor backbenchers have urged the government to take action to increase Australia’s on-shore fuel reserves to 90 days, in line with the International Energy Agency’s recommendation. Meanwhile, Energy Minister Chris Bowen has ruled out ending the temporary reduction in the fuel excise tax before 30 June. Economists in turn have warned that extending the excise cut in the May budget would give consumers more spending power if petrol prices fall, which could boost inflation.

CORPORATES
AUSTRALIAN CHAMBER OF COMMERCE AND INDUSTRYINTERNATIONAL ENERGY AGENCYAUSTRALIA. DEPT OF CLIMATE CHANGE, ENERGY, THE ENVIRONMENT AND WATER