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Federal Boost Raises Support Threshold for Viva Energy’s Geelong Refinery
10:32am on Friday 20th of March, 2026 AEDT
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Energy
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Federal Boost Raises Support Threshold for Viva Energy’s Geelong Refinery
10:32am on Friday 20th of March, 2026 AEDT
Key Points
Government raises Geelong Refinery Fuel Security Payment margin cap and collar by 3.6 cents per litre
Support triggers now start at 10 Acpl, up from 6.4 Acpl, reflecting higher operating and capital costs
Maximum payment rate remains unchanged at 1.8 Acpl
Viva Energy invested approximately $500 million in refinery upgrades and storage capacity
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