MBIE has been actively assessing New Zealand's fuel security following the recent events in the Middle East.
Due to the Middle East conflict, the number of tankers transiting the Strait of Hormuz has come to a near standstill. The Strait of Hormuz is a key chokepoint for global oil trade, accounting for around 25 percent of seaborne oil shipments.
Around 80 per cent of the crude that passes through the Strait is destined for Asian refineries, which supply New Zealand with the petrol, diesel and jet fuel we consume domestically.
From January 2025, fuel importers must hold minimum levels of fuel, either onshore or in our EEZ. Fuel importers must hold:
- 28 days’ cover of petrol
- 24 days’ cover of jet fuel
- 21 days’ cover of diesel.
MBIE has remained in close contact with fuel companies. It has convened the Fuel Sector Coordinating Entity under the National Fuel Plan, a group consisting of fuel importers and distributors.
Fuel companies report no current issues with supply chains. As of Sunday, the 1st of March 2026, New Zealand has healthy stock levels, both onshore and en route.
| Days cover | Petrol | Diesel | Jet fuel |
| Stock in country | 27 | 25 | 28 |
| Stock on water | 22 | 29 | 22 |
| Total stock | 49 | 54 | 50 |
New Zealand is a member of the International Energy Agency (IEA). The IEA is monitoring developments in the region and is in contact with major producers and member states, which include New Zealand.
More from the c-store here
