Questions for consultation
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Questions for consultation
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Do you agree with this characterisation of the status quo? If not, please provide evidence to support your views.
Read more about question 1:
Status quo -
Do you agree with our problem definition? If you don’t, what would you suggest changing?
Read more about question 2:
Problem definition -
Have we identified the correct objectives?
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Is 28 days’ cover the right level? Should we have more or less? Why?
Read more about questions 3 and 4:
Objectives -
Are there any other options that we have not considered?
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There is a trade-off between cost impact and timing. Options that have a higher cost impact are quicker. Do you prefer an option that is fast but more costly or slow and cheaper? Can you explain your answer?
Read more about questions 5 and 6:
Options to improve New Zealand’s diesel resilience -
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.
Read more about question 7:
Option 1: Doing nothing beyond the current MSO settings -
If we increased the MSO for diesel to 28 days, how can we maintain competition in the fuel industry?
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Do you have any information on how much an increased MSO for diesel could cost consumers? Please provide details and explain how any estimates have been arrived at (if applicable).
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How quickly could fuel importers meet an increased MSO? What could be done to get diesel in tanks earlier than 2026?
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We have assumed that fuel importers will begin planning for an increased MSO as soon as it is announced, rather than wait until regulations are made. Is this a fair assumption?
Read more about questions 8 to 11:
Option 2: Increase the stockholding obligation for diesel from 21 days’ cover to 28 days’ cover -
Do you have a preference about whether the government uses Levy funding or general taxation if option 3 was adopted?
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Given the government has already done work on procuring storage, is this timeframe realistic? What could we do to speed it up?
Read more about questions 12 and 13:
Option 3: Government procurement of 70 million litres of diesel (equal to 28 days’ cover -
Do you think the government should provide fuel importers with financial support to help alleviate flow on costs to consumers? Why or why not?
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In your opinion, what kind of financial support would be appropriate?
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What proportion of government funding would noticeably reduce an increase to fuel prices? For example, government co-funding up to 50% of each storage project?
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Should the government recover the cost of financial support through raising levy from fuel consumers?
Read more about questions 14 to 17:
Option 4: Increase the stockholding obligation for diesel as in Option 2 but the government supports -
Do you have a preferred option? Why?
Read more about the available options:
Options to improve New Zealand’s diesel resilience – Analysis for reserve diesel options -
Do you have a preference for how quickly we implement increasing our diesel reserves?
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If we increase the MSO for diesel, would you prefer a staggered approach? If you are a fuel importer, would this make a difference to how you invest in additional storage?
Read more about questions 20 to 21:
Implementation and evaluation
Have your say
The submission form template, details for how to submit, a PDF version of the discussion document and other relevant documents are available on the following page: