Finance Minister Willis prioritizes commercial fuel arrangements over crude oil ticket swaps
Updated
Updated · RNZ · Apr 28
Finance Minister Willis prioritizes commercial fuel arrangements over crude oil ticket swaps
3 articles · Updated · RNZ · Apr 28
Latest figures show New Zealand holds 51.8 days of petrol, 41.3 days of diesel, and 45.7 days of jet fuel as of April 22.
The government is boosting storage at Marsden Point and pursuing commercial deals to increase fuel stocks, following advice that crude oil ticket swaps should be a last resort.
Officials report no disruption to fuel imports or future orders, while Labour urges support for diesel users and public transport amid ongoing monitoring of supply fluctuations.
With diesel storage secured, how vulnerable are New Zealand's petrol and jet fuel supplies to the global crisis?
Is boosting domestic fuel storage the most cost-effective way to secure New Zealand's energy future?
As fuel prices drive inflation above 4%, can New Zealand's economy withstand the ongoing supply shock?
Can a two-month storage upgrade truly shield New Zealand from the worst global energy shock ever experienced?
Will New Zealand's 'last resort' stance on IEA cooperation damage its standing with international allies?