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$11b for fuel stockpile; banks lead ASX higher; value of Aussie farmland surges

Published May 06, 2026

Thursday 7 May 2026

Australia will develop a minimum 50-day supply of diesel and jet fuel reserves, and boost petrol supplies by an extra ten days, under an $11 billion fuel security package.

  • ASX surges 1.3pc
  • Farmland values rise for 12th year
  • JB HiFi pushes into wearables, beauty
  • Samsung, Intel boom\

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