A 33-year-old woman has been taken to hospital under police guard after setting a younger woman on fire in Shepparton, Victoria, on Monday night (stock image)

Two women have been rushed to hospital with serious injuries after one is believed to have set the other on fire.

Police were called to Middlesex Crescent in Shepparton, north of Melbourne, about 6:30pm on Monday after reports a 20-year-old woman had been set alight.

Police believe a 33-year-old woman, understood to be known to the victim, had set the woman on fire. 

She had initially fled from the scene before being found by police shortly after. 

A spokesperson for Ambulance Victoria told Daily Mail Australia they had airlifted both women to the Alfred Hospital, south of Melbourne’s CBD.

A 33-year-old woman has been taken to hospital under police guard after setting a younger woman on fire in Shepparton, Victoria, on Monday night (stock image)

A 33-year-old woman has been taken to hospital under police guard after setting a younger woman on fire in Shepparton, Victoria, on Monday night (stock image)

The 20-year-old was airlifted to hospital in a critical condition having sustained 'serious' injuries to her upper body (stock image)

The 20-year-old was airlifted to hospital in a critical condition having sustained ‘serious’ injuries to her upper body (stock image)

The 20-year-old is fighting for her life in a critical condition after suffering injuries to her upper body.

The older woman was taken under police custody in a serious condition having similarly sustained upper body injuries.

She is aiding police in their inquiries into the incident.

Anyone who witnessed the incident or with information has been urged to contact Crime Stoppers.

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