Diesel importers required to increase reserves to 28 days

Diesel importers required to increase reserves to 28 days

The new requirement - which kicks in from July 2028 - will apply to importers with more than a 10 percent market share.

Increased Diesel Reserves To Improve Resilience

The Coalition Government consulted on the proposal late last year and has agreed that from 1 July 2028, fuel importers that have more than a 10 per cent market share must hold an additional seven days’ supply onshore.

Increased diesel reserves to improve resilience

The minimum stockholding obligation for diesel importers will increase from 21 to 28 days’ cover, bolstering New Zealand’s diesel reserves and resilience to supply disruptions, Associate Energy Minister Shane Jones says. The Coalition Government consulted on the proposal late last year and has agreed that from 1 July 2028, fuel importers that have more than a 10 per cent market share must hold an additional seven days’ supply onshore. “We use ar…