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Why were the additional minimum stockholding obligations for diesel importers not scheduled to come into force until July 2028 rather than sooner, and was any consideration given to accelerating that timeline following the June 2025 Israel-Iran escalation?

Answered Question 13971 (2026)
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Asked by

Megan Woods

Member for Wigram · Labour Party

Question

  • Why were the additional minimum stockholding obligations for diesel importers not scheduled to come into force until July 2028 rather than sooner, and was any consideration given to accelerating that timeline following the June 2025 Israel-Iran escalation?

Answered by

Hon Shane Jones

List MP · NZ First · Associate Minister for Energy

Answer

Fuel importers need time to meet the increased Minimum Stockholding Obligation. 2028 was deemed to be sufficient time to hold additional diesel, including fabricating new tanks where necessary.