14 Oct 2026
1 week ago
195 views
The New Zealand Government has extended its agreement with Z Energy to maintain a 550,000-barrel strategic diesel reserve at Marsden Point until August 2027, ensuring national fuel resilience amid global uncertainty. This reserve, critical for key industries and stored in refurbished tanks funded by $21.6 million from the Regional Infrastructure Fund, provides about nine days of typical national diesel consumption. The Government continues to monitor global developments, especially the Middle East conflict, and will respond as needed while limiting its financial exposure through the agreement.
21 Jul 2026
3 months ago
654 views
Today’s inflation rate of 4.1% is largely driven by a global oil price shock, with petrol and diesel prices rising significantly, while core inflation remains within the Reserve Bank's target range. Finance Minister Nicola Willis emphasizes the Government’s prudent response, including targeted support for those most affected by fuel costs and maintaining fiscal discipline to avoid exacerbating inflation. Despite global volatility, New Zealand’s economy is projected to grow steadily with job creation and wages outpacing inflation, supporting long-term affordability and resilience.
08 Jun 2026
4 months ago
812 views
The Government has completed the recommissioning of 93 million litres of diesel storage capacity at Marsden Point to store newly purchased diesel reserves. Two shipments, arriving soon and in July, will provide about nine days’ average diesel consumption to safeguard New Zealand’s fuel supply amid global uncertainties. Funded by $21.6 million from the Regional Infrastructure Fund, this measure aims to maintain economic stability despite ongoing Middle East conflicts affecting fuel supply and prices.
01 Jun 2026
4 months ago
942 views
New Zealand is receiving two shipments of diesel reserve, with the first arriving mid-June and the second expected in early July, providing around nine days of typical diesel consumption. The government is refurbishing tanks at Marsden Point, funded by $21.6 million from the Regional Infrastructure Fund, to store the fuel, which will be controlled by the Crown and managed by Z Energy. Finance Minister Nicola Willis emphasizes that this reserve enhances the country's fuel security and resilience against potential supply disruptions.
22 May 2026
5 months ago
1056 views
Construction has begun on a government-backed solar energy project on Stewart Island/Rakiura to reduce reliance on diesel-generated electricity and lower power prices. Funded by a $15.35 million loan from the Regional Infrastructure Fund, the project includes a solar farm, battery system, network upgrades, and smart meters, aiming to cut diesel use by up to 75% and reduce electricity costs by up to 35 cents per kilowatt hour. Expected to be completed by early 2027, the initiative will create around 40 construction jobs and provide long-term economic benefits to local industries.
11 May 2026
5 months ago
1008 views
The New Zealand Government has signed a groundbreaking contract with Z Energy to secure nearly 90 million litres of additional diesel, enhancing the country's fuel resilience by about nine days' supply. The diesel will be stored in refurbished tanks at Marsden Point, with infrastructure upgrades underway to increase fuel storage capacity and strengthen strategic resilience amid global uncertainties. This agreement, the first of its kind, limits the Crown's financial exposure while allowing Z Energy to manage the diesel, with the government maintaining control over its market release.
11 May 2026
5 months ago
1074 views
The New Zealand Government has refined its Fuel Response Plan in collaboration with business and industry to prepare for a potential prolonged global fuel shortage, focusing on maintaining sufficient supply and protecting the economy. Key measures include securing additional diesel reserves, simplifying priority user frameworks, and implementing phased responses that prioritize critical services while encouraging voluntary fuel-saving plans for other sectors. The plan is designed to be flexible and adaptable, relying on industry cooperation and ongoing international engagement to ensure fuel resilience amid global market volatility.
28 Apr 2026
5 months ago
1105 views
The New Zealand Government has secured an additional nine days' supply of 90 million litres of diesel through a letter of intent with Z Energy to enhance fuel reserves amid global market uncertainties. This fuel will be stored at Marsden Point in refurbished tanks funded by a $21.6 million investment, with the Crown controlling its release to strengthen economic and fuel supply resilience. The agreement, resulting from a competitive procurement process, provides strategic insurance to ensure reliable diesel supply crucial for the economy while not counting towards fuel companies' minimum stockholding obligations.
02 Apr 2026
6 months ago
1212 views
The New Zealand Government will invest up to $21.6 million from the Regional Infrastructure Fund to support Channel Infrastructure NZ Ltd in increasing diesel storage capacity by 90 million litres at Marsden Point, enhancing fuel resilience amid global supply disruptions. The project aims to recommission storage tanks within two months to secure diesel supplies beyond the current secure period until the end of May. This initiative addresses the critical need for large-scale fuel storage, particularly for diesel, which is vital to the economy, and work is set to begin imminently with close government oversight.
18 Mar 2026
7 months ago
1282 views
New Zealand currently maintains healthy fuel stocks, with about 49 days of petrol, diesel, and jet fuel supply available, including fuel in storage and shipments en route. The government is enhancing fuel data reporting and working closely with industry to monitor supply risks, ensuring readiness amid global uncertainties like the Strait of Hormuz closure. Authorities emphasize there is no need for fuel restrictions at this time, assuring the public that any changes will be communicated promptly with mitigation plans in place.
04 Nov 2025
11 months ago
1316 views
New Zealand has released a Fuel Security Plan to ensure reliable access to fuel in the face of global and domestic disruptions, focusing on resilience, domestic preparedness, alternative fuels, and market transitions. The plan includes measures such as requiring fuel importers to hold minimum stock levels and supporting the deployment of EV charging infrastructure. Associate Energy Minister Shane Jones emphasizes the importance of reducing dependence on global markets and investing in domestic energy resources for economic growth and self-reliance.