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News Wire / economy

New Zealand Diesel Reserves Add Nine-Day Buffer

RNZ National Marsden Point 14d Impact 5
The New Zealand government unveiled extra fuel reserves yesterday to mitigate supply disruptions. Z Energy will manage 90 million litres of diesel at the Marsden Point refinery, representing approximately nine days of supply.

Topics

fuel prices diesel reserves energy security

Developing

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Sources · 7 independent

RNZ National

“Business New Zealand says the extra fuel reserves unveiled by the government yesterday will not stop high fuel costs being passed on to consumers.”

RNZ National

“David Key told Morning Report, the extra reserves would add a nine-day buffer if disaster struck and oil supply dried up, but wouldn't provide a long-term solution.”

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