Australia to release nearly 20% of fuel stockpile as Bowen insists country ‘nowhere near’ running out

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Australia will release nearly 20% of its fuel stockpile after a government directive to fuel companies. Energy Minister Chris Bowen announced the move, acknowledging potential pressure on fuel supplies but dismissing options like cutting the fuel excise or rationing. The government is reducing fuel companies' minimum stock obligations to free up petrol and diesel. The released fuel will be directed to regional areas of Australia. The action is being taken to address potential fuel supply pressures within the country.
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