Fuel supply: how much oil do we need?

With oil refining stopping at Marsden Point, New Zealand is moving to an import-only fuel supply model. (Image: Supplied)

Oliver Lewis

Mon, 17 Jan 2022

Consultation has opened on minimum fuel stockholding levels to ensure fuel security.It follows the decision by Refining NZ to stop refining fuel products at Marsden Point from April, meaning the country will move to an import-only supply model. The closure of the refinery is expected to significantly reduce stock held in New Zealand.Advice from the Ministry of Business, Innovation and Employment (MBIE) and fuel companies has downplayed the risk of disruption, however, MBIE couldn’t totally rule out the prospect of import restrictions for...

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