Liquid fuels such as petrol, diesel and jet fuel are essential for industry, business and New Zealanders’ day-to-day activities. The Ministry of Business, Innovation and Employment (MBIE) has progressed a number of initiatives to help mitigate the impact of international and domestic oil supply disruption.
- Oil Security Review 2012
- New Zealand participation in the International Energy Programme
- Oil Emergency Response Strategy
- Peak Oil
At a broader level, oil security can also be improved through measures such as increasing fuel mix diversity, improving the fuel efficiency of the vehicle fleet, encouraging greater use of domestic fuel supplies and reducing demand for transport energy.
These aspects are being pursued by government and industry in different ways. The New Zealand Energy Strategy (NZES) and the New Zealand Energy Efficiency and Conservation Strategy (NZEECS) outline a number of these measures.
In March 2014, MBIE published a discussion document on options for publishing regular information about the level of fuel stocks (petrol, diesel and jet fuel) in each region in New Zealand.
In 2011 and 2012 MBIE commissioned three studies into New Zealand’s oil security.