Anthony Albanese says a damaging fire at a Geelong oil refinery will not trigger further fuel restrictions, insisting 60 per cent of its petrol production is continuing despite the “regrettable” incident on Wednesday.

After cutting short his visit to Malaysia, the Prime Minister flew straight to Victoria to inspect the Viva processing facility on Friday morning and to be briefed by company officials.

“The good news is that no one was injured in the incident that occurred,” Mr Albanese said from the fire site on Friday morning, where he was accompanied by Defence Minister Richard Marles and Energy Minister Chris Bowen.

“This is an incident that obviously is regrettable, partially given in the timing that it has occurred.

“The advice we have been given today is that 80 per cent of diesel production is continuing, 80 per cent of aviation fuel is continuing, ongoing. It has been slowed down, just slightly.”

Standing alongside Viva representatives, Mr Albanese said that 60 per cent of petrol production would be proceeding today.

“We hope, as does the company, that that ramps up in the coming period as well,” Mr Albanese said.

“We can announce that BP has joined the companies that have an agreement with Export Finance Australia to reach a commercial arrangement for additional supplies that might be available.

“This follows the 100 million litres we were able to secure in two lots, one from Brunei, one from Korea, in the last 24 hours.

“Our job is not to pretend that we are immune from the impacts that are there (from the US-Iran war), our job is to restrict the impact that this will have.”

Asked about possible further restrictions included in the third stage of the government’s national fuel security plan, Mr Albanese insisted production at the refinery was still strong and decisions would be determined by “global events, not events here”.

“The event here will not lead to any change. We’ll give an update tomorrow about fuel supplies that are on hand. Fuel is continuing to come in,” Mr Albanese told reporters.

“The government’s put in place the four stages, in order to plan and in order to prepare, for circumstances which are predominantly impacted by global events, not by events here.”

Viva Energy executive general manager for energy and infrastructure Bill Patterson said the company would rely on existing reserves and imports to avoid shortages.

The refinery continues to operate at reduced production rates as damage is assessed, with a petrol processing unit impacted by the fire, while diesel and jet fuel facilities had not been affected and were expected to ramp up quickly.

Mr Marles, whose electorate is home to the refinery, said from his discussions with the Viva Energy CEO on Thursday be believed the company was “relatively hopeful” the fire would have a minimal impact on supplies going forward.

“They feel it will have a relatively minimal impact, and the reason for that is that the type of fuel that we have the most prevalence for is petrol for cars, and that is the fuel train here that was affected by the fire,” Mr Marles said.

“They do feel that they’ll be able to cover with imports of petrol whatever is lost in terms of production in the short term.”