Fuel reserves in the country remain stable following a notable surge in supply observed last week. According to the latest government figures available until midnight Wednesday, there has been a slight decrease in the availability of petrol and jet fuel by three days’ worth of supply, while diesel stocks have seen a marginal increase. Specifically, there are currently 56.2 days’ worth of petrol, 46.3 days of diesel, and 47.7 days of jet fuel either available domestically or en route to the country.
Comparing these figures to the prior update, there were 59 days’ worth of petrol, 45.2 days of diesel, and 50.2 days of jet fuel. This change reflects a pattern of fluctuations in the country’s fuel inventory, yet the government reports that fuel stocks continue to exceed minimum required levels and remain within expected ranges. This trend is attributed to the arrival of several large shipments that recently set sail for New Zealand, temporarily boosting supply levels before they gradually decrease as the fuel is consumed and before subsequent shipments are dispatched.
These fluctuations are typical of the fuel supply chain, where large shipments lead to a temporary surge in reserves followed by a period of decline until the next batch arrives. The regularity of these shipments ensures that the country’s fuel needs are consistently met, maintaining a stable supply chain. Despite the current decrease in petrol and jet fuel days of supply, the overall situation remains within normal parameters, ensuring that fuel needs are met without disruption.
Fuel importers maintain a positive outlook, bolstered by confirmed orders that extend through to late June, providing a sense of security and predictability in the supply chain. The continuous arrival of shipments as anticipated supports this confidence, ensuring that fuel demands are adequately addressed. This cyclical pattern of supply and consumption is a regular feature of the country’s fuel management strategy, contributing to the stability of the energy sector.