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  "description": "“Diesel is literally the lifeblood of the economy.”",
  "path": "/seven-week-fuel-buffer-but-diesel-risk-grows-as-greens-pitch-relief-and-government-backs-ev-push/",
  "publishedAt": "2026-03-22T20:28:09.000Z",
  "site": "https://goodoil.news",
  "tags": [
    "Centrist",
    "offered",
    "pushing",
    "Stuff",
    "RNZ",
    "Receive our free newsletter here"
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  "textContent": "Summarised by Centrist\n\n**Finance Minister Nicola Willis says New Zealanders can be reassured the country still has about seven weeks of fuel security.**\n\n**Willis notes that ships continue to arrive, and there are roughly 300 million litres of fuel on site at Marsden Point.**\n\n**However, diesel shortages could do serious economic damage well before the country fully “runs out” of fuel.**\n\nWillis visited Channel Infrastructure at Marsden Point as petrol prices climbed well above $3 a litre in many parts of the country, driven by disruption linked to the US and Israeli attacks on Iran and the effective blocking of the Strait of Hormuz.\n\nShe said the government was considering limited relief for households ahead of May’s Budget, but ruled out broad fuel tax cuts, claiming they would not help the people most in need.\n\nThe more pressing issue is whether diesel remains available. Willis warned that “if we don’t have diesel, it would affect thousands of jobs.” Diesel is central to freight, logistics, heavy machinery and supply chains.\n\nEconomist Shamubeel Eaqub said “diesel is literally the lifeblood of the economy” and warned that even if there is enough fuel in total, breakdowns in distribution could leave trucks, freight and livestock stranded.\n\nAt the pump, the pressure is building. Eaqub said current spot prices in Singapore and Korea implied petrol could be closer to $3.80 a litre, while Infometrics’ Gareth Kiernan said $4 for 91 was looking increasingly plausible.\n\nThe Greens have offered National their votes for a fuel relief package that includes free public transport, targeted payments for lower-income and rural New Zealanders, including people on benefits, and a windfall tax on fuel companies.\n\nThe government is also pushing a longer-term response, backing a $110 million expansion of EV chargers as fuel price volatility renews interest in switching away from petrol and diesel.\n\nEven if a ceasefire came now, both economists said disrupted supply flows would still take time to recover, with the real crunch likely in May or June.\n\n**Read more over at** Stuff **and** RNZ\n\nReceive our free newsletter here",
  "title": "Seven-week fuel buffer, but diesel risk grows as Greens pitch relief and government backs EV push",
  "updatedAt": "2026-03-23T02:57:07.806Z"
}