Fuel reserves in the country have remained relatively stable, following a noteworthy increase in supply observed during the previous week. According to the latest government figures updated as of midnight Wednesday, the reserves of petrol and jet fuel have decreased by three days’ worth of supply, while diesel reserves have seen a slight uptick.
Currently, the nation holds 56.2 days’ worth of petrol, 46.3 days’ worth of diesel, and 47.7 days’ worth of jet fuel, either already within the country or en route. This is a change from the prior figures, which indicated 59 days’ worth of petrol, 45.2 days’ of diesel, and 50.2 days’ worth of jet fuel. Despite these fluctuations, government officials have assured that fuel stocks are still comfortably above the minimum required levels and remain within typical ranges.
The increase in fuel supplies noted last week can be attributed to the arrival of several significant shipments destined for New Zealand. These shipments are quickly utilized, resulting in a cyclical pattern where stock levels spike with each large delivery, followed by a period of gradual decline until the next shipments arrive.
Ongoing fuel deliveries continue as planned, and importers maintain strong confidence in their supply chains, bolstered by confirmed orders extending through late June. This steady flow of shipments ensures that the country’s fuel needs are met consistently, maintaining a balance between supply and demand.