Ministerial group to oversee fuel securityFriday 13 Mar 2026
The group of senior ministers has been convened to provide strategic oversight and co-ordinated leadership to agencies to ensure a quick and effective response to any potential disruptions to petrol, diesel, and jet fuel supplies, as well as other key supply chains. The meeting brought together ministers responsible for energy, transport, trade, economic security and internal affairs, as well as well as agency chief executives. “This group has been established with the purpose of strengthening whole-of-government co-ordination and providing clear direction during this period of heightened risk resulting from the Middle East conflict,” Minister for Finance and Economic Growth Nicola Willis, says. “I have made the Government’s expectations to agencies very clear. This is a fast-moving situation and New Zealand needs to be prepared for all scenarios. Whether or not they come to pass, our economy depends on ministers having full, accurate facts in order to make significant decisions, if necessary. “Our role as a ministerial group is to provide strategic direction during any potential disruptions, enabling swift, evidence-based decisions to protect essential services, support industry, and maintain public confidence.” As Associate Minister for Energy, Minister Shane Jones is responsible for fuel security. At the meeting, ministers were briefed on a decision made to support the recommendation of the International Energy Agency (IEA) to release oil reserves. “We have not yet determined how we will do this but the Government will ensure that the impact on Kiwis is minimised. We should not overlook the fact that we are making a small but significant contribution to protecting global economies and helping to ease the oil price and supply issues around the world,” Mr Jones says. Currently, ministers were advised that fuel companies in New Zealand are reporting no significant supply chain issues and that fuel stock levels, both onshore and in transit to New Zealand, remain strong. “By establishing this ministerial group, the Government is taking proactive steps to safeguard fuel supplies, support economic continuity, and enhance New Zealand’s resilience in the face of global volatility,” Mr Jones says “New Zealanders should be reassured that we are monitoring this very, very closely. When we receive information, we will share that information. If circumstances change, we will swiftly notify the public. There is no need for panic or over-reaction.” More >> Source: NZ Government | ||
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