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Fuel volumes stay steady in latest update

Wednesday, 8 April 2026

Will the fuel start flowing now the Strait of Hormuz looks to be unblocked for a couple of weeks?
Will the fuel start flowing now the Strait of Hormuz looks to be unblocked for a couple of weeks?

New Zealand has 62.6 days of petrol, 51.7 days of diesel and 53.5 days of jet fuel available in the latest fuel stocks update.

This is roughly the same as April 6 - two days ago - when there were 61.9 days of petrol, 51.5 days of diesel, and 50.1 days of jet fuel both in the country and on the water heading to New Zealand.

Both measures this week are up on 58.7 days of petrol, 52.2 days of diesel and 46.2 days of jet fuel, in the update prior to that.

Overall there was no indication of fuel supply disruption, and fuel continues to flow normally into New Zealand, MBIE said.

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At Monday’s update, Finance Minister Nicola Willis told media they had not heard of any material problems from fuel importers, meaning the country could remain in phase one of its fuel crisis response, but, she said, “we do remain gravely concerned with the trajectory of the conflict in the Middle East”.

“We continue to call on all parties to show restraint and to endeavour toward a negotiated outcome.”

Today, and just prior to the fuel update, a negotiated outcome of a sort had come to light. Iran this morning agreed to a two-week ceasefire and reopening of the Strait of Hormuz, the waterway through which a fifth of the world’s oil is shipped during peacetime.

Trump said Iran has proposed a “workable” 10-point peace plan that could help end the war launched by the US and Israel in February.

But others warn that the bottleneck through the Strait of Hormuz will not lead to an immediate amelioration of the global fuel shortage situation. New Zealand’s number one source of refined fuel, South Korea, has introduced export restrictions that remain in place.

The Government has previously downplayed concerns of shortages, but has set up a National Fuel Plan with different levels of potential rationing should supplies begin to dry up.