The updated data released this afternoon by the Ministry of Business, Innovation & Employment reassures national fuel stocks remain stable since the last update, and stocks continue to be sufficient across petrol, diesel and jet fuel.
As at 11:59pm on Sunday 5 April, fuel companies confirmed the current fuel stock level (as days’ cover) that shows New Zealand has 62.6 days of petrol, 51.7 days of diesel and 53.5 days of jet fuel available.
This fuel is either in New Zealand, within our Exclusive Economic Zone (New Zealand waters) – which includes ships with fuel unloading, ships at berth yet to unload, and ships moving between ports – or on water outside the EEZ, up to three weeks away.
According to MBIE, there is currently no indication of fuel supply disruption, and fuel continues to flow normally into New Zealand.
Meanwhile, fuel prices continue to rise in most parts of the country. In Hamilton, for instance, today the price of 91 octane touched $3.55 at Challenge on Killarney Road, though Pak ‘n Save at Mill St the price was 20cents cheaper at $3.35.
Fuel stocks naturally rise and fall each week as fuel is used and new shipments arrive. Current fuel levels are broadly in line with normal levels before recent global disruptions, and fuel supply remains normal.
Fuel companies continue to report regularly to officials, and there are currently no concerns about future fuel shipments.
MBIE receives fuel stock and shipment data from fuel importers twice a week. This information is published on the MBIE website on Monday and Wednesday afternoons and shows fuel supply at a specific point in time.
