New Zealand is considering a further lift in fuel stocks

New Zealand is considering a further lift in fuel stocks

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The New Zealand government is considering a plan to increase domestic fuel storage following jet fuel shortages earlier this month, a spokesman for the energy minister said on Tuesday.

With the country completely dependent on imports since April, the failure of shipments to pass recent quality tests resulted in shortages at the country’s busiest Auckland airport. Airlines there were told in early December that jet fuel supplies would be reduced to only 75% of the originally planned allocation.

In response, Energy and Resources Minister Megan Woods had asked officials to consider requiring importers and wholesalers to increase stocks in 2023 instead of 2024, with a spokeswoman saying Woods was now considering the advice.

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