• Fuel importers have provided good confidence through confirmed orders to late June, with planned orders extending into early August.
• The latest data (as at 11.59pm on 10 May) shows petrol stocks at 59.0 days’ supply, diesel stocks at 45.2 days, and jet fuel stocks at 50.2 days.
• Since the last update, petrol stocks have increased by 8.0 days, diesel stocks have increased by 0.9 of a day, and jet fuel stocks have decreased by 3.9 days.
• The significant increase in petrol stocks is due to several large shipments that have recently embarked for New Zealand.
• After recent high stock volumes, jet fuel stocks are now being drawn down.
• These movements reflect the usual shipping patterns and routine variations, and are consistent with what we would expect to see even without the conflict in the Middle East.

As at 11:59pm on Sunday 10 May, fuel companies confirmed the current fuel stock level (as days’ cover) as:

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