Option 1: Doing nothing beyond the current MSO settings
This is the status quo. Relying on the current minimum stockholding obligation settings for diesel will leave New Zealand with an average of 21 days’ cover, equivalent to 3 months’ supply for essential services with rationing. Fuel importers are unlikely to hold surplus stock beyond what is required for the MSO from 1 January 2025 because there is no commercial incentive to do so.
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This option does not meet the objectives. It would leave New Zealand vulnerable to a sustained supply disruption despite diesel being a critical fuel.
Consultation question
7. There are risks to New Zealand if we experience a severe and sustained supply disruption. Do you agree that doing nothing isn’t acceptable? If you prefer this option, please tell us why.