Petrol and jet fuel stocks have risen, while there has been a slight decrease in diesel stocks.<\/p>\n
The Ministry of Business, Innovation, and Employment’s latest fuel stocks update showed that as at 11:59pm on Wednesday evening, there were 61.9 days of petrol, 51.5 days of diesel, and 50.1 days of jet fuel.<\/p>\n
This is compared to 58.7 days of petrol, 52.2 days of diesel and 46.2 days of jet fuel, in the previous update<\/a>.<\/p>\n MBIE said the update showed national fuel stocks were stable, with sufficient stock levels.<\/p>\n “Movements remain within expectations and show normal patterns,” the ministry said.<\/p>\n The update showed there were 27.2 days of petrol in-country, 17.5 days of diesel, and 25.5 days of jet fuel.<\/p>\n There were four ships on the water in New Zealand’s Exclusive Economic Zone, containing 3.2 days of petrol, 8.2 days of diesel, and 1.2 days of jet fuel.<\/p>\n A further twelve ships were on-water outside the EEZ, with 31.5 days of petrol, 25.8 days of diesel, and 23.4 days of jet fuel.<\/p>\n The government told media it remained gravely concerned about the trajectory of the Middle East conflict and its impact on the global economy, which shows no signs of ending<\/a>.<\/p>\n Finance Minister Nicola Willis told media they hadn’t heard about any material problems from fuel importers, meaning the country could remain in phase one of its fuel crisis response.<\/p>\n The government is giving the latest update on fuel stocks, as the war in the Middle East shows no signs of ending<\/a>.<\/p>\n Fuel prices have skyrocketed<\/a> since the US and Israel launched their war on Iran at the end of February. Iran’s reaction to close off the Strait of Hormuz<\/a> to most shipping has sent the global energy industry into turmoil.<\/p>\n New Zealand relies on imports of refined fuel, with no local refining capability.<\/p>\n The government has previously downplayed concerns of shortages, but has set up a National Fuel Plan<\/a> with different levels of potential rationing should supplies begin to dry up.<\/p>\n