Notifications can be managed in browser preferences.Jump to contentIndependentSwipe for next articleIndependent Bulletin homepageDownload our appAllNewsSportCultureLifestyleStuti MishraThursday 16 April 2026 06:53 BSTUS enforces blockade on Iranian ports as naval vessels patrol Gulf of OmanA fire at Viva Energy's Corio oil refinery in Geelong, Australia, burned for 13 hours overnight on Wednesday, significantly impacting petrol production.The blaze, which started just after 11pm and was extinguished on Thursday morning, occurred in the motor gasoline section and was attributed to equipment failure, with no injuries reported.The refinery is crucial to Australia's fuel supply, providing half of Victoria's fuel and 10 per cent of the nation's total, processing approximately 120,000 barrels of oil daily.While diesel and jet fuel production continue at reduced levels, petrol output is significantly impacted, raising concerns about Australia's already strained fuel security.Experts warn the incident, coupled with existing supply chain issues, could lead to higher interest rates and inflation, highlighting Australia's vulnerability due to reduced domestic refining capacity.In full‘Unprecedented’ fire at Australian oil refinery threatens already dwindling petrol suppliesThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in