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politics14h ago
Major fuel companies called out as consumer watchdog makes rare move
- Australia to appoint a single fuel lead in each jurisdiction to coordinate supply across states and territories.
- The national effort follows a National Cabinet meeting focused on fuel security and regional distribution.
- Australia released up to 20% of emergency fuel reserves to help regional shortages.
- Temporary relaxation of fuel quality standards aims to boost domestic supply.
- Consumer watchdog is investigating potential anti-competitive behavior by major fuel companies.
- Authorities warn against panic buying as shortages persist in regional areas.
- Geopolitical tensions threaten global energy markets and fuel prices in the Asia-Pacific region.
- Officials anticipate continued work to direct fuel to regions most in need as the crisis evolves.
- Finance and energy ministers emphasise readiness to adjust policy as supply chains adapt.
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