October 30, 2026

Prime minister says Corio refinery fire will not push Australia into stage 3 restrictions, despite reduced production of petrol, diesel and aviation fuel

Anthony Albanese says petrol production has fallen 40% at one of Australia’s two remaining oil refineries but the damage caused by fire at the Geelong facility will not lead to fuel restrictions.

Petrol prices have fallen below $2.10 a litre and diesel below $3 a litre in most cities, as a price spike predicted to follow the refinery shutdown failed to materialise on Friday.

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