Australia Refined Petroleum Products Market Report and Forecast 2025-2034

Australia Refined Petroleum Products Market Outlook

The Australia refined petroleum products market size is projected to grow at a CAGR of 2.75% between 2025 and 2034.

Key Takeaways:

• According to Geoscience Australia, in the year 2020-21, Australia imported more oil than it produced domestically, with only about 15% of the refinery feedstock being sourced within the country.

• As per Geoscience Australia's data, the estimated 2P reserves of Australia's conventional oil resources in 2021 stand at 8,564 petajoules (PJ) or 1,490 million barrels (MMbbl).

• The Australian Government, as stated by the Department of Climate Change, Energy, the Environment, and Water, plans two fuel quality changes by December 2025. The initial change aims to limit aromatic hydrocarbons to 35% in 95 RON petrol.

Gasoline fuel is propelling Australia refined petroleum products market growth, primarily due to its ability to enhance fuel economy, particularly favoured for long-distance transportation, commercial use, and heavy equipment

Gasoline boasts higher energy density for weight-conscious uses while providing rapid starting and acceleration which is considered ideal for sports vehicles. It also offers cost-effectiveness that is attractive to buyers while lowering NOx emissions that benefit air quality. Moreover, in the aviation sector, there has been a growing focus on developing sustainable jet fuel to meet environmental requirements.

In 2024, Apeiron AgroCommodities, a significant collector of used cooking oil in Asia, has entered a 50:50 partnership with Jet Zero Australia. Their objective is to create environmentally friendly feedstocks in Australia by obtaining waste oils and non-edible crops for producing sustainable aviation fuel (SAF) through Hydrotreated Esters and Fatty Acids (HEFA), thereby addressing the need for renewable fuels.

However, diesel fuel provides improved fuel economy through higher thermal efficiency, well-suited torque for heavy tasks, durability, low flammability, global accessibility, compatibility with biodiesel, and decreased carbon monoxide emissions.

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Purchase the Regional Overview for USD 1099

If you choose to purchase the full report at a later stage, the amount already paid will be adjusted, and you will only need to pay the remaining balance.

Market Segmentation

Australia Refined Petroleum Products Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:

Market Breakup by Type

• Diesel Fuel

• Gasoline 

• Liquefied Petroleum

• Naphtha

• Others

Market Breakup by End Use

• Industrial and Commercial

• Transportation
  • Automotive
  • Marine
  • Aviation
  • Others

• Residential

Market Breakup by Region

• New South Wales

• Victoria

• Queensland

• Australian Capital Territory

• Western Australia

• Others

The Australia refined petroleum products market key players are BP Australia Pty Limited, ExxonMobil Australia Pty Ltd., Shell Australia Pty Limited, and Chevron Australia Downstream Pty Ltd. among others. 

Key Highlights of the Report