Source: New Zealand Parliament
The bill aims to ensure that New Zealand has adequate fuel stocks to mitigate the risk of fuel disruptions in the future. It would do this by:
• introducing a minimum fuel stockholding obligation on fuel importers to provide more certainty and lessen fluctuations in fuel stock level
• introduce the ability for new stockholding requirements to be set by regulation in the future, allowing for an adaptive approach to fuel resiliency measures over time
• amending the purpose of the Fuel Industry Act to include the promotion of resiliency of engine fuel supplies.
Tell the Economic Development, Science and Innovation Committee what you think. Make a submission on the bill by midnight on 20 June 2023.
For more details about the bill:
• Read the full content of the bill
• Get more details about the bill
• What’s been said in Parliament about the bill?
ENDS
For media enquiries contact: Committee staff edsi@parliament.govt.nz
