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AAP

Tess Ikonomou, Lucinda Garbutt-Young and Andrew Brown

RARE PHOTOS: Third oil refinery on cards to help shield australia | Vintage Vibes

Australia Oil United States Anthony Albanese Roger Cook

Motorists have had a rocky year at the petrol pump with volatile price movements. (Diego Fedele/AAP PHOTOS)

Australia's fuel security could soon be bolstered by a new refinery, but questions have been raised about the business case for the facility.

Prime Minister Anthony Albanese announced plans to look into building Australia's third oil refinery in WA, with $4 million set aside for a pre-feasibility study.

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