Increased onshore diesel reserves to improve resilience

The Government consulted on the proposal late last year and has announced that from 1 July 2028, fuel importers that have more than a 10% market share must hold an additional 7 days’ supply onshore.

New Zealand uses around 11 million litres of diesel every day and while the chances of a severe and sustained fuel disruption are low, the consequences for Kiwis and the economy would be catastrophic.

Building resilience must carefully balance the risks with the cost of mitigation to the sector and ultimately consumers. A reserve of 28 days will enable New Zealand to better ride out smaller disruptions and, in the event of a major supply event, allow time for other solutions to be put in place.

Increased diesel reserves to improve resilience(external link) — Beehive.govt.nz