
Petrol, jet fuel dip slightly as diesel rises in latest NZ stock data
Story Summary
AINew Zealand's fuel stocks remain comfortably above minimum levels despite slight fluctuations across different fuel types, according to the latest government data released by the Ministry of Business, Innovation and Employment. As of May 20, the country held 53.1 days of petrol cover, 49.1 days of diesel, and 53.7 days of jet fuel, all exceeding mandatory reserve requirements.
Petrol stocks dipped marginally from 54 days to 53.1 days of cover, while jet fuel reserves fell from 55 days to 53.7 days. Diesel bucked the downward trend, rising from 46 days to 49.1 days of coverage. MBIE emphasized that these movements reflect normal shipping patterns and routine variations, rather than any disruption from Middle East conflicts affecting global energy markets.
The fuel supply chain appears well-positioned with thirteen fuel ships currently en route to New Zealand, including three vessels already within the country's exclusive economic zone. Fuel importers have confirmed orders extending through late June, with additional planned shipments scheduled into August, suggesting stable supply conditions for the coming months.
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