The nation’s fuel reserves are holding steady, despite a notable increase in supply observed last week. According to the most recent government data, which includes figures up until midnight on Wednesday, there has been a decline in both petrol and jet fuel supplies by three days’ worth, while diesel has seen a slight rise. Currently, the country has reserves amounting to 56.2 days’ worth of petrol, 46.3 days of diesel, and 47.7 days of jet fuel, either already in stock or en route.
These figures are a slight adjustment from the previous report, which recorded 59 days’ worth of petrol, 45.2 days of diesel, and 50.2 days of jet fuel. Despite these changes, the government has assured that fuel stocks remain comfortably above the minimum required levels and fall within typical ranges for the country.
The upswing in fuel supplies noted last week can be attributed to the arrival of several large shipments destined for New Zealand. This pattern, where a surge in supply is followed by a gradual decline, is common as shipments arrive, are quickly distributed, and stocks are utilized before the next vessels are scheduled to dock.
Importantly, the flow of shipments remains consistent, with deliveries arriving as planned and fuel importers maintaining confidence through confirmed orders extending until late June. This steady stream of imports helps ensure that the fuel supply remains stable and sufficient to meet the country’s needs.