Scoop has an Ethical Paywall
Licence needed for work use Start Free Trial

Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Updated Fuel Stock Data Is Available On The MBIE Website

Recent movements in fuel stock levels are normal, expected, and consistent with routine shipping and replenishment cycles. The latest fuel stock data is now available on the MBIE website. It shows New Zealand’s fuel supply remains sufficient, with good levels of fuel in the country, and more on the way.

  • Total national fuel stocks continue to be sufficient across petrol, diesel and jet fuel, and remain within normal operating ranges.
  • As at 11.59pm on 22 April, NewZealand has 51.8 days of petrol, 41.3 days of diesel and 45.7 days of jet fuel available nationally.
  • These stocks include fuel held in NewZealand; fuel within our Exclusive Economic Zone (EEZ) - including ships unloading, at berth yet to unload, or moving between ports - as well as fuel on the water outside the EEZ expected to arrive within the next three weeks.
  • Since the previous update on 22 April, there has been a slight decrease across all fuel types. Petrol has decreased by 0.4 days, diesel has decreased by 1 day and jet fuel has decreased by 1.7 days.
  • Although total diesel stocks are lower, diesel held in New Zealand and within the EEZ is at its highest level since the Middle East conflict began.
  • These fluctuations are typical of normal international shipping operations. Overall movements remain within expected ranges and show normal patterns.
  • There is no indication of fuel supply disruption, and fuel continues to flow into New Zealand.

As at as at 11:59PM Wednesday 22 April, fuel companies confirmed the current fuel stock level (as days’ cover) as:

Stock Number of ships Petrol Diesel Jet fuel 
In country   36.1 21.9 24.9 
On water within EEZ (up to 2 days away) 6 11.4 13.7 12.5 
On water outside EEZ (up to 3 weeks away) 4 4.4 5.7 8.4 
Total NZ stock*   51.8 41.3 45.7 
Advertisement - scroll to continue reading

*Totals may not sum due to rounding. These numbers represent our data at the time of publication.

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.

Revision to 22 April Stock data

Previously published onland stock numbers have been revised due to amended returns from fuel companies. The information was proactively shared by fuel importers as soon as they became aware. The updated figures have now been reflected in the 22 April data.

The updated MBIE webpage can be found here: https://www.mbie.govt.nz/about/news/fuel-stocks-update

© Scoop Media

Advertisement - scroll to continue reading
 
 
 
Business Headlines | Sci-Tech Headlines