I think we are ok here. The current petrol price hike might be painful for some people, but big picture is that it’s tolerable in our economy. We are lucky to be one of the richest countries in the world and self sufficient in food supply. Also we can afford higher prices for essential imports compared to the rest of the world. No one is turning the lights out. Most of the current petrol shortages are in smaller towns where people panic bought by filling up jerry cans and farm bulk containers, thereby stripping the servo tanks unexpectedly. The next truck is still coming on schedule.

For peace of mind, this website shows the breakdown of energy generation. Currently Vic is running at 56% coal and the remainder renewables, so no reliance on imports. Aemo