Australia's Refineries Can Only Meet Fraction of Fuel Demand -- Market Talk

Dow Jones

03/30

2129 GMT - Australian refineries can only meet a fraction of domestic fuel demand, says Jefferies. The conflict in Iran is driving up prices of gasoline and diesel, with Australia's competition regulator concerned about supply issues in areas including city suburbs, regional towns and remote areas. Jefferies estimates Australia's refinery production can meet some 37% of gasoline demand and only around 14% of diesel demand. That's based on an analysis of Australian Petroleum Statistics data for last year. "Even in Queensland and Victoria, where Ampol and Viva Energy have refineries respectively, production at Lytton and Geelong is insufficient to meet total state demand for either gasoline or diesel," analyst Michael Simotas says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 29, 2026 17:29 ET (21:29 GMT)

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The conflict in Iran is driving up prices of gasoline and diesel, with Australia's competition regulator concerned about supply issues in areas including city suburbs, regional towns and remote areas. Jefferies estimates Australia's refinery production can meet some 37% of gasoline demand and only around 14% of diesel demand. That's based on an analysis of Australian Petroleum Statistics data for last year. \"Even in Queensland and <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a>, where Ampol and <a href=\"https://laohu8.com/S/VEA.AU\">Viva Energy</a> have refineries respectively, production at Lytton and Geelong is insufficient to meet total state demand for either gasoline or diesel,\" analyst Michael Simotas says. 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The conflict in Iran is driving up prices of gasoline and diesel, with Australia's competition regulator concerned about supply issues in areas including city suburbs, regional towns and remote areas. Jefferies estimates Australia's refinery production can meet some 37% of gasoline demand and only around 14% of diesel demand. That's based on an analysis of Australian Petroleum Statistics data for last year. \"Even in Queensland and <a href=\"https://laohu8.com/S/VCCTF\">Victoria</a>, where Ampol and <a href=\"https://laohu8.com/S/VEA.AU\">Viva Energy</a> have refineries respectively, production at Lytton and Geelong is insufficient to meet total state demand for either gasoline or diesel,\" analyst Michael Simotas says. (david.winning@wsj.com; @dwinningWSJ) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 29, 2026 17:29 ET (21:29 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"ALD.AU","symbol_name":"AMPOL LTD","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2623363836","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2623363836","pubTimestamp":1774819740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2129 GMT - Australian refineries can only meet a fraction of domestic fuel demand, says Jefferies. The conflict in Iran is driving up prices of gasoline and diesel, with Australia's competition regulator concerned about supply issues in areas including city suburbs, regional towns and remote areas. Jefferies estimates Australia's refinery production can meet some 37% of gasoline demand and only around 14% of diesel demand. That's based on an analysis of Australian Petroleum Statistics data for last year. \"Even in Queensland and Victoria, where Ampol and Viva Energy have refineries respectively, production at Lytton and Geelong is insufficient to meet total state demand for either gasoline or diesel,\" analyst Michael Simotas says. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"ALD.AU":"AMPOL LTD","BK7065":"石油与天然气的炼制和营销","VEA.AU":"VIVA ENERGY GROUP LTD"},"translate_title":"澳大利亚炼油厂只能满足一小部分燃料需求——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"VEA.AU":0.9,"ALD.AU":0.9},"content_text":"2129 GMT - Australian refineries can only meet a fraction of domestic fuel demand, says Jefferies. The conflict in Iran is driving up prices of gasoline and diesel, with Australia's competition regulator concerned about supply issues in areas including city suburbs, regional towns and remote areas. Jefferies estimates Australia's refinery production can meet some 37% of gasoline demand and only around 14% of diesel demand. That's based on an analysis of Australian Petroleum Statistics data for last year. \"Even in Queensland and Victoria, where Ampol and Viva Energy have refineries respectively, production at Lytton and Geelong is insufficient to meet total state demand for either gasoline or diesel,\" analyst Michael Simotas says. (david.winning@wsj.com; @dwinningWSJ) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 29, 2026 17:29 ET (21:29 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}