NZTD News

New Zealand continues to experience a price shock but not a supply shock. 

There has been some good news recently as over the last weeks diesel prices have dropped below $3, after being near $4 a litre. We are starting to see some settling after the initial onset of the conflict in March, with businesses focusing back on delivering their plans, but factoring in volatile fuel pricing for the rest of the year.

Some key indicators:

- Diesel stocks remain stable, with 46.1 days cover, up f...

The Government has secured an additional nine days’ of diesel supply to boost New Zealand’s fuel reserves and help shield the country from the global oil shock, Finance Minister Nicola Willis and Associate Energy Minister Shane Jones say. 

“Following a contestable procurement process, the Government has signed a letter of intent with Z Energy today to procure 90 million litres of NZ specification diesel.

“Under the terms of the deal: the fuel will be delivered to Marsden Point either as a single cargo or as ...

Current fuel stock as at 11:59PM Sunday 26th April (as days' cover).

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

The latest update shows national fuel stocks remain stable with sufficient stock levels across petrol, diesel and jet fuel. Stock across all fuel type...

Transporting New Zealand says improved access arrangements for urgent Tiniroto Road repairs are a positive step after initial closure plans threatened major disruption to freight and the local community.

Membership Manager, Lindsay Calvi-Freeman says getting work underway ahead of winter is important given the poor condition of the road. 

“We strongly support this work getting done. Tiniroto Road has been in a very poor state and repairs are critical for safety, resilience, and keeping freight moving.”

Transporting New Zealand has welcomed the Government developing options to remove regulatory barriers to improve freight productivity and minimise diesel use, saying that urgent action is required to keep the economy moving and protect jobs. 

Chief Executive Dom Kalasih says that Transporting New Zealand has been working with officials on many of the measures outlined, including reforms to the Vehicle Dimensions and Mass Rule and improved access for over-dimension vehicles.

“These are practical productivity ...

The Government is preparing to remove or suspend regulatory barriers that make it harder for businesses and communities to cope with global fuel shocks, Minister for Regulation David Seymour and Minister for Transport Chris Bishop say. 

“New Zealand’s fuel supply is stable. We’re focussed on keeping it that way. There are few things as important to Kiwis as ensuring New Zealand’s fuel supply remains strong,” Mr Seymour says.

“This Government has responded well to the potential of conflict in the Middle East ...