Boosting Australia's Diesel Storage Program

Overview

The Boosting Australia’s Diesel Storage Program will provide up to $200 million in competitive grants over three years to 2023-24. The program is part of the Government’s 10-year comprehensive fuel security package to increase Australia’s resilience to fuel supply disruptions, secure sovereign refining capability, and keep fuel prices low for consumers. The objectives of the program are to: provide matched funding to industry to construct new diesel storage that will result in an estimated 780ML of additional diesel storage being kept onshore. This quantity is estimated to be required for industry to meet the proposed minimum stockholding obligation by 2024     support job creation in local industries. There is $200 million available for this grant opportunity. The minimum grant amount is $6 million and the maximum grant is $33.3 million. You must complete your project by 30 June 2024.