The Albanese government of Australia is set to end a temporary fuel tax cut of 26 cents per litre on June 30, a measure that was initially introduced to alleviate the burden of rising global oil prices driven by conflicts in the Middle East. Transport Minister Catherine King indicated that the government is consulting with the industry regarding the implications of this decision, but emphasized that the cut will not be extended. As tensions escalate between Iran and the US, which include military actions in response to attacks on American assets, the government is focused on securing Australia's fuel supply through strengthened international relationships. In response to these challenges, a $10 billion energy and fertiliser security package has been introduced, which aims to enhance the nation’s fuel reserves to at least 50 days and establish a permanent government-owned reserve of approximately one billion litres. Additionally, the minimum stock-holding obligation for fuel suppliers will be increased to ensure stability in supply.