Wiki agrees with that too Arran

'The Olympic Flame, Olympic Fire, Olympic Torch, Olympic Light, Olympic Eye, and Olympic Sun are all names for an important symbol of the Olympic Games. Commemorating the theft of fire from the Greek god Zeus by Prometheus, its origins lie in ancient Greece, when a fire was kept burning throughout the celebration of the ancient Olympics.

The fire was reintroduced at the 1928 Summer Olympics in Amsterdam, and it has been part of the modern Olympic Games ever since.

The modern torch relay was introduced by Joseph Goebbels, as part of an effort to turn the games into a glorification of the Third Reich.'