The Viva Energy Group Ltd (ASX: VEA) share price is in focus after the company provided an update on refinery operations following the recent Geelong Refinery fire. Viva Energy expects diesel and jet fuel production at around 80% of capacity and petrol at about 60% until repairs are complete.
Image source: Getty Images
What did Viva Energy report?
- The Geelong Refinery incident on 15 April 2026 impacted operations, particularly the Alkylation unit and Residue Catalytic Cracking Unit (RCCU).
- Production of diesel and jet fuel currently at approximately 80% of capacity, petrol at 60% of capacity.
- Repairs to affected units are estimated to take six weeks, with a return to over 90% capacity expected after the RCCU restarts in June.
- Viva Energy states sufficient fuel stocks are available to meet normal supply commitments.
- The company is liaising with insurers on possible property damage and business interruption claims.
What else do investors need to know?
Viva Energy has prioritised safety by securing and isolating the impacted Alkylation unit to enable repairs. Early assessments show no major hindrances to the repair schedule, and preparatory work for returning the RCCU to service is underway.
The ongoing investigation into the fire's cause and scope of damage is progressing, alongside regular engagement with insurers. Customers are expected to see no disruptions to fuel supply throughout the repair period, as the company believes its existing stocks are sufficient.
What's next for Viva Energy?
Viva Energy anticipates bringing the RCCU and associated units back online during June. Once repairs are finished, refinery production should return to over 90% capacity, supporting steady supply to customers.
The company remains focused on repair works and is committed to transparent communication with stakeholders as the situation develops. Investigations continue while management works closely with insurers to address business impacts.
Viva Energy share price snapshot
Over the past 12 months, Viva Energy Group shares have risen 43%, outperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.
