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Source: MIL-OSI Submissions

oil import volumes more than double – Media release

2 March 2021

Crude oil import volumes more than doubled
in the December 2020 quarter, bouncing back from recent lows, Stats NZ
said today.

Import volumes for primary fuels and lubricants,
which primarily covers crude oil, rose 129.4 percent on the previous quarter.
The rise follows two consecutive quarters of falling import volumes in
June and September 2020.

“This is the largest quarterly percentage
increase in crude oil import volumes since the series began in September
1982,” business prices delivery manager Bryan Downes said.

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