Finance Minister Nicola Willis says New Zealand has around seven weeks of fuel supply available, as the Government prepares for potential disruption linked to the Middle East conflict.
Willis visited the Marsden Point import terminal on Sunday alongside local MP Grant McCallum, where up to 300 million litres of petrol, diesel and jet fuel can be stored.
She says the facility is continuing to operate “as normal”, with a mega-tanker unloading fuel during her visit — equivalent to around a week of national demand.
“This is one of several fuel tankers to unload in New Zealand in the past week, with more on the way,” Willis says.
“Right now New Zealand has around seven weeks of fuel either stored in facilities like this or in tankers safely on their way here.”
Despite the supply position, she says the Government is preparing for any disruption to future fuel deliveries.
“Even so, your Government is working hard to be ready for any disruptions to fuel orders that could happen in the weeks ahead.”
Willis acknowledged the impact of rising fuel prices on households and businesses following the escalation of conflict in Iran.
“We’re gutted for every Kiwi hit by the rapid increase in petrol and diesel prices since the Iran conflict broke out.
“While we can’t control global events we are ensuring New Zealand responds in a way that puts you and your economic security first.”
