Fuel reserves across the country remain stable, following a notable surge in supply observed last week. According to the most recent government data available up to midnight on Wednesday, there has been a slight decline in petrol and jet fuel stocks by three days’ worth of supply, while diesel has experienced a minor increase. Currently, there are 56.2 days’ worth of petrol, 46.3 days of diesel, and 47.7 days of jet fuel either within the country’s borders or en route.
This represents a change from the previous figures, which showed 59 days’ worth of petrol, 45.2 days of diesel, and 50.2 days of jet fuel. Despite these fluctuations, the government assures that fuel stocks are still significantly above the required minimum levels and remain within typical ranges. The recent increase in supply can be attributed to several large shipments that have recently set sail for New Zealand. This cycle of substantial increases followed by declines occurs as these shipments arrive and stocks are rapidly utilized before the next deliveries are dispatched.
Routine shipments continue to arrive as anticipated, ensuring a steady flow of fuel into the country. Fuel importers have expressed confidence in their supply chain, supported by confirmed orders stretching into late June. This predictability in supply logistics provides reassurance amidst the ongoing fluctuations in stock levels.
The government’s ability to maintain fuel stocks above minimum thresholds underscores the effectiveness of its supply management strategies. By closely monitoring and adjusting to shipping schedules and consumption rates, the country has been able to navigate the challenges posed by fluctuating global fuel markets. This proactive approach ensures that the fuel needs of the populace and industries are met without disruption.