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Photo: RNZ \/ Unsplash\n<\/p>\n
The government’s latest fuel supply update shows the country’s stocks have increased across the board.<\/p>\n
The data accurate to Sunday showed 52.8 days of petrol, 46.1 days of diesel and 49.1 days of jet fuel either in the country or on its way.<\/p>\n
Petrol is up by a day since the previous update, diesel is up 4.8 days, and jet fuel is up 3.4 days.<\/p>\n
Government officials said the changes reflected the usual shipping patterns and routine variations that would be expected even without the Middle East conflict.<\/p>\n
“Overall fuel stocks remain well above the minimum requirements, the supply chain is operating smoothly, and fuel is continuing to flow into the country as expected.<\/p>\n
“Fuel importers have provided good confidence through confirmed orders to mid-June, with planned orders extending into July.”<\/p>\n
Finance Minister Nicola Willis said it was all within the normal range.<\/p>\n
“Obviously the fuel stocks are up. As we’ve said, sometimes they’ll go up by a few days, sometimes they’ll go down by a few days. What this demonstrates is that the market is continuing to function well.”<\/p>\n
Willis said the country was in good stead but the government would continue to take proactive measures to prepare for a potential future disruption.<\/p>\n
The data will next be updated on Monday, 4 May.<\/p>\n
The government on Tuesday announced it had secured an extra nine days’ worth of diesel amounting to 90 million litres, through a partnership with Z Energy.<\/p>\n
Z Energy will procure, own and manage the diesel but the government will control its release into the market.<\/p>\n
It will fill the storage tanks at the former Marsden Point refinery which fuel importer Channel Infrastructure will have refurbished by early June.<\/p>\n