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Data from the Ministry of Business, Innovation and Employment (MBIE) shows the amount of diesel and jet fuel in New Zealand or on the way here has fallen while petrol stocks are slightly up.
The update was published today, May 11. It shows New Zealand has 44.3 days’ worth of diesel as of last Wednesday.
That’s a reduction from the previous update, which showed the country had 47.7 days’ worth of diesel.
Jet fuel stocks have fallen from 55.1 days’ worth to 54.1.
There is 51 days’ worth of petrol in New Zealand or on the way here, up from 49.3.
“These stock movements reflect normal shipping patterns and routine variations, and are consistent with what we would expect even without the conflict in the Middle East,” MBIE says.
“The recent movements across fuel types were expected following the arrival of several large shipments, with stocks now being drawn down.
“Some reductions over the next few updates are expected and are normal. Further shipments are planned, and fuel continues to arrive regularly.
“Overall fuel stocks remain well above minimum requirements and within normal ranges.
“The fuel supply chain continues to operate smoothly, and fuel is flowing into the country as expected.
“Fuel importers have provided good confidence through confirmed orders to mid-June, with planned orders extending into late July.”
