Latest Fuel Security Services News & Updates

Canberra, March 20 (IANS) The Australian government has struck a deal to continue subsidising the country’s two remaining oil refineries, Energy Minister Chris Bowen announced on Friday.Bowen said that the government and the operators of the two refineries have reached an agreement to amend the fuel security services payment, under which the government pays the refineries when oil prices do not cover operating costs.Viva Energy’s refinery southwest of Melbourne in the city of Geelong and Ampol’s…