Motorists are being assured a damaging fire at a Geelong oil refinery will not trigger further fuel restrictions with the Prime Minister to speak with world leaders on Friday night about the passage of ships through the Strait of Hormuz.

Led by the French President Emmanuel Macron and UK Prime Minister Keir Starmer, the joint online meeting will discuss the disruptions to the critical shipping route and how vessels can safely pass through.

The virtual gathering follows the breakdown in peace talks between the US and Iran and the threat of further conflict and trade blockades.

After cutting short his visit to Malaysia, the Prime Minister flew straight to Victoria to inspect the Viva processing facility on Friday morning where he insisted 60 per cent of its petrol production was continuing despite the “regrettable” incident on Wednesday.

“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 he 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.”

Mr Albanese returned to Australia from Malaysia on Friday after announcing 100 million litres of oil had been secured from Brunei and South Korea, following agreements struck in the past 24 hours.

The additional shipments, representing just over one day’s worth of fuel supplies for Australia, were announced as the Prime Minister wrapped up his second trip to Asia in two weeks aimed at securing energy supplies.

Earlier in the week Mr Albanese had met with the Sultan of Brunei in the ageing monarch’s gold-plated palace, where the pair agreed to work together to keep critical energy and food trade flowing between their nations.

In Kuala Lumpur the Prime Minister struck an agreement with his Malaysian counterpart Anwar Ibrahim to keep supplying each other’s nations with vital energy products on a “no surprises basis”.

He also thanked Indonesian President Prabowo Subianto for a deal struck to deliver a further 20 per cent of Australia’s urea needs, in a bid to off-put the fertiliser crisis blossoming alongside the more public-facing fuel crisis.

On Friday the Albanese government also triggered emergency procedures to monitor threats to supplies of hospital and medical equipment caused by the international oil crisis, activating its National Incident Centre for the first time since the Covid-19 pandemic.