Energy Markets
Australia offers businesses 693 million dollars in low-cost loans to ease fuel price pressure
The Australian government will provide up to A$1billion ($693m) in interest-free loans to businesses that are critical to the economy, such as transport operators and fertiliser manufacturers, according to Prime Minister Anthony Albanese. The package of support comes at a time when the Iran War disrupts global energy supply, driving prices up and fueling concerns about availability for a country which imports over 80% its fuel. The fear of shortages in some areas has led to panic buying despite assurances from the government that there is enough fuel on the market. No government can guarantee to eliminate the stress this...