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Fuel prices fall despite Geelong refinery blaze as Albanese says facility production has slipped by 40%

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 Australiaโ€™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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ยฉ Photograph: William West/AFP/Getty Images

ยฉ Photograph: William West/AFP/Getty Images

ยฉ Photograph: William West/AFP/Getty Images

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