Ampol Cites Refinery Resilience as Key to Fuel Security
Australia's fuel security relies heavily on its two remaining oil refineries, Lytton in Brisbane and Geelong in Victoria, which supply around 20% of the nation's petrol, diesel, and jet fuel.
The refineries are a critical component of Australia's fuel security and national resilience, allowing the country to have greater control over part of its fuel supply during periods of global disruption.
Ampol CEO Matt Halliday emphasized that domestic refining is essential for fuel security and national resilience, despite high costs and competition from Asian refineries.
The company's independent trading and shipping teams source crude oil and refined fuels from a wide range of suppliers, allowing them to adjust their supply chain in response to disruptions.
Ampol managed a 30% surge in demand for diesel during recent Middle East tensions by prioritizing regional supply and redirecting product to communities at risk of running short.