Australia is on the brink of a historic petrol and diesel supply overhaul, here’s what you need to know

The Federal Government has pledged to prop up Australia's last two oil refineries – after two of the remaining four announced their closures in the past six months. We are now down to two oil refineries nationally – and one of those is under a cloud, with its future to be decided within days or weeks. Australia has been running on fumes for the past five years with just four oil refineries in operation since 2015. Between 2003 and 2015 there were seven oil refineries nationally.