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Policies minimising Australia’s reliance on oil imports could bring significant benefits to businesses and families, and even to public sector agencies with fleet operations.
Around 90% of the oil Australia consumes is imported and road transport is almost entirely dependent on it. The bulk of our automotive gasoline comes from Singapore and South Korea, and in the event of geopolitical imbalance, the supply of our fuel could potentially be jeopardised.
And our fuel stockpiles are very low. Australia has only about 21 days’ supply in stock, rather than the recommended 90 days.
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