New Zealand’s total industry fuel volume was down 4.8% year-on-year with 2.3 billion litres for the third quarter to December 31, according to Industry Exchange data.
This excludes Gull which is supplied by its Australian parent company and is no longer reported in the data.
Z Energy estimates that total industry volume declined by 1.8% year-on-year after factoring in the exclusion of Gull.
Z’s total fuel volume was down 1.3% year-on-year for the quarter with 1.09 billion litres.
The company’s total diesel volume was down 4.6% year-on-year with 310 million litres in the quarter led by a decline in commercial transport.
Truck stop volume was down across Z’s networks from customer losses and slower economic activity. Retail diesel volume was flat year-on-year.
Z’s retail petrol declined by 7.8% to 282 million litres year-on-year led by market share losses in its Caltex-branded network while Z’s retail petrol volume remained flat for the period.
Other fuels declined 3.4% for the period due to a decline in fuel oil volumes and a small decline in jet fuel compared to the prior period, Z reports.
