The nation’s fuel reserves are holding steady following a notable increase in supply recorded last week. According to the latest government figures updated to midnight Wednesday, there has been a slight decrease in petrol and jet fuel reserves, while diesel supplies have inched up. Currently, the country has 56.2 days’ worth of petrol, 46.3 days’ worth of diesel, and 47.7 days’ worth of jet fuel either on hand or en route.
These current figures show a shift from the previous report, which indicated 59 days’ worth of petrol, 45.2 days of diesel, and 50.2 days of jet fuel available. Despite these fluctuations, the government assures that fuel stocks remain comfortably above the minimum required levels and within typical ranges.
The increase in fuel supplies observed last week can be attributed to several substantial shipments that recently set sail for New Zealand. This pattern of large shipments arriving, being rapidly consumed, and then followed by a gradual decline is a regular occurrence. As these shipments are unloaded and utilized, subsequent vessels are prepared for loading, creating a cyclical pattern of supply changes.
Regular fuel shipments continue to arrive as planned, and fuel importers maintain a positive outlook, supported by confirmed orders extending through to late June. This consistent flow of imports is crucial in ensuring that the nation’s fuel needs are met without significant disruption.