Australia's Fuel Crisis Deepens

Energy Minister Chris Bowen confirmed that the fire will have an impact on national fuel security, though he emphasized that it appears to be an accident rather than sabotage.

The Geelong facility produces approximately 10 percent of Australia's total fuel and over half of Victoria's supply, making its disruption a critical blow to the economy.

The incident has fueled political debate over Australia's reliance on liquid fuels and its lack of strategic reserves during times of international conflict.

Experts warn that Victorian motorists could see pump prices spike by as much as 20 cents per litre in the coming days.