The blaze has raised concerns about fuel supplies as it produces 50 per cent of Victoria's and 10 per cent of Australia's fuel. ABC reported.
Nobody was injured in the fire, which is was extinguished around midday.
An "unprecedented" fire has broken out in Geelong at one of the two remaining oil refineries producing fuel for Australians, raising concerns about fuel supplies.
The refinery produces 50 per cent of Victoria's and 10 per cent of Australia's fuel and is one of two facilities — the other being in Brisbane — that can refine fuel domestically.
Those two plants have been in the spotlight in recent weeks, as the Iran war has caused a global energy crisis, putting pressure on oil shipments worldwide.