Geelong Refinery Fire: Impact on Australia's Fuel Supply

0:00It's April 20th, welcome to Adelaide News Today, powered by AI. A fire hit the Jalong Refinery in Australia last Wednesday, knocking out nearly half its petrol production from an equipment failure in the gasoline. Unit. Owned by Viva Energy, this spot is one of just two refineries left down under, handling 10% of the nation's fuel in half of victorious. Supply. Right now, petrol is at 60% capacity, while jet fuel and diesel sit at 80%. Viva halted trading after the blaze, but jumped back on the ASX Monday. They're planning to ramp everything up over the next few weeks, aiming for over 90% on diesel, jet, and petrol, once inspections clear. A full probe into the cause is underway, and repairs will keep things steady in the meantime. Prime Minister Anthony Albanese cut short his fuel security trip to Malaysia, flying home early Thursday to check out the site himself. The fire comes at a rough time, with Middle East tensions closing the strait of

1:00Hormuz and spiking global oil strains. Jalong had even boosted output, lately to help. Fuel costs are hammering trucking firms, so the government's rolling out interest-free loans from a $1 billion resilience package. Businesses hauling fuel, fertilizer, or ag products can grab up to $5 million if their turnovers under $100 million, announced by. Albanese last month, with banks on board to ease the pain. Industry Minister Tim Aries says it's all about studying supply chains through this shock. Expect Jalong to chug toward full strength soon, keeping Australia's fuel flow as stable as possible amid the chaos.