Finance Minister Nicola Willis is expected to speak shortly from Parliament, following the Government’s latest fuel stocks update released this afternoon.
The new data shows national petrol and jet fuel stocks have increased, while diesel supplies have dipped slightly, though overall fuel levels remain stable.
Figures collected at 11.59pm last Wednesday show petrol stocks have increased by 3.2 days, jet fuel by 3.9 days, while diesel coverage has fallen by 0.7 days since the previous update.
Fuel stocks are measured across three categories — fuel already in New Zealand, fuel on vessels within the country’s exclusive economic zone and up to two days away, and fuel outside the EEZ expected to arrive within three weeks. Together, those figures are combined to calculate total available stock.
While overall stock levels have risen, fuel already held in-country has declined for petrol and diesel.
Compared with the last update collected on March 29, in-country petrol stocks are down 2.1 days, diesel stocks have fallen by 4.1 days, while jet fuel held domestically has increased by 3.4 days.
The Finance Minister is expected to comment on the figures and whether the trends raise any concerns around fuel security as shipping movements continue to fluctuate.
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