Government finalises $250 million fuel supply deal

Описание: The Morrison government has finalised a $250 million deal to upgrade two local refineries and strengthen domestic fuel supplies in the wake of global supply chain issues.

The two $125 million federal grants will be matched by the Viva Energy refinery in Geelong and Ampol refinery in Brisbane to begin construction upgrades.

There will be 300 jobs created at the Geelong refinery, which is expected to finish its expansion by the end of 2024.

Energy Minister Angus Taylor says the rollout of ultra-low sulphur fuel will be brought forward from 2027 to 2024, improving air quality and therefore saving $1 billion in health costs.