The country’s fuel inventory has remained stable following a notable increase in supply recorded last week. According to the latest government data available up to midnight on Wednesday, there has been a slight reduction in petrol and jet fuel stocks by three days’ worth of supply, while diesel reserves have seen a minor uptick.
The current stocks stand at 56.2 days for petrol, 46.3 days for diesel, and 47.7 days for jet fuel, either already in the country or en route. This is in comparison to the prior figures showing 59 days’ worth of petrol, 45.2 days of diesel, and 50.2 days of jet fuel. Despite these fluctuations, the government has assured that fuel reserves are comfortably above the minimum requirements and remain within normal operational ranges.
The previous week’s surge in fuel supply was attributed to a series of large shipments recently dispatched to New Zealand. This pattern, characterized by significant increases followed by periods of decline, is typical as stocks are promptly utilized before subsequent shipments are loaded.
Regular shipments continue to arrive as scheduled, maintaining a steady flow of fuel into the country. Fuel importers have expressed confidence in the supply chain, with confirmed orders extending through to late June, ensuring a consistent supply to meet the nation’s needs.