A major fire at Viva Energy’s Corio refinery in Geelong has raised new concerns about Australia’s petrol supply as global fuel markets stay under pressure.
A late-night industrial fire at a key Australia n refinery has raised fresh concerns about fuel supply, amid already strained global markets. The incident occurred just before midnight on Wednesday at Viva Energy ’s Corio refinery in Geelong , located about 47 miles southwest of Melbourne, and was brought under control on Thursday after burning for 13 hours.
Late-night fire triggers emergency responseEmergency crews rushed to the refinery after reports of explosions and visible flames. At the time of the incident, dozens of workers were on site, but all were safely evacuated. Authorities confirmed that no injuries were reported.Fire Rescue Victoria later said the blaze was caused by “equipment failure,” and an investigation is now underway to determine the exact sequence of events. The refinery, one of only two in the country, processes around 120,000 barrels of oil per day and plays a crucial role in supplying fuel across the region.Although the fire has been extinguished, parts of the facility remain affected, limiting full operations.Production hit adds pressure to fuel supplyThe Corio refinery produces about 50 percent of the fuel used in the state of Victoria and roughly 10 percent of Australia’s total fuel supply. Officials have warned that the disruption could affect petrol production in the near term.Energy Minister Chris Bowen acknowledged the timing of the incident, saying it comes as Australia faces mounting pressure on fuel supplies linked to global instability.“This is not a positive development, but obviously there’s a long way to go in terms of working out just what the impact is,” Bowen stated on Nine’s Today show on Thursday. “This is very early days.”Fuel prices have already been climbing. Diesel prices in Australia have doubled in recent weeks, and some stations have reported shortages amid panic buying. Airlines are also scaling back certain services as jet fuel becomes more expensive.
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