Cabinet paper seeking approval to the content of the consultation document for release alongside an exposure draft Bill for targeted consultation.
pdf, 2.4 MB
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Cabinet agreed to the content of the consultation document for release alongside an exposure draft Bill for targeted consultation.
pdf, 285 KB
Cabinet agreed to terminate the Statutory Management of Gwin Corporation by Order in Council.
pdf, 185 KB
Submission template form for providing feedback on options for domestic diesel reserves.
docx, 45 KB
The discussion document for public consultation on options for domestic diesel reserves.
pdf, 380 KB
Cabinet paper proposing to give greater weight to the intention of contracting parties.
pdf, 1.2 MBIncreasing diesel reserves is one way of mitigating fuel supply disruption risks. Other mitigation options, such as re-establishing domestic refining capacity, are being investigated as part of the fuel security study but are outside the scope of this consultation.
For the foreseeable future, diesel will continue to be our most strategically important engine fuel. Diesel plays a critical role in food production, transporting essential goods around the country, for emergency services, electricity generation and other essential services.
There is little commercial incentive for fuel companies to invest in infrastructure to increase their diesel stockholding levels, especially beyond the 21 days’ cover they will be obligated to hold from 1 January 2025.*
We have identified 3 options to increase New Zealand’s diesel reserves to 28 days’ cover.