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Unlikely NZ will experience total fuel drought, Waitomo CEO says

Author
Newstalk ZB,
Publish Date
Wed, 29 Apr 2026, 12:22pm
Photo / 123RF
Photo / 123RF

Unlikely NZ will experience total fuel drought, Waitomo CEO says

Author
Newstalk ZB,
Publish Date
Wed, 29 Apr 2026, 12:22pm

A belief from one fuel company boss we won't face a total fuel drought.  

The Government's signed a deal with Z Energy to bring an extra 90 million litres of diesel into the country, to be stored at Marsden Point. 

Waitomo Chief Executive, Simon Parham told Ryan Bridge it shows there's supply out there to buy, especially in the Asia-Pacific region.  

He says South Korea has purchased crude from 17 different countries than they've traditionally bought from, showing the market's solving issues for itself because there's incentives to do it. 

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