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Question 11404 (2026)
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Asked by
Megan Woods
Member for Wigram · Labour Party
Question
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How much money currently sits in the petroleum or engine fuel monitoring levy memorandum account?
Answered by
Hon Shane Jones
List MP · NZ First · Associate Minister for Energy
Answer
There is currently a prudential surplus in the levy account. It is necessary to keep a surplus for buffering fluctuations in the cost of purchasing oil tickets. Given the current response work, the year-end position for 2025/26 is unclear.