New Zealand will temporarily permit fuel meeting Australian standards to be imported for up to 12 months, the government said on Monday, as it seeks to mitigate supply risks linked to the Middle East conflict and soaring prices.
Associate Energy Minister Shane Jones said the alignment of fuel standards would give importers access to more options and reduce the risk of disruptions.
"This is a sensible, time‑limited step that gives importers access to a broader range of fuel shipments, including those already in our region," Jones said in a statement.
But the country would not follow Australia in relaxing its own standards to allow access to higher sulphur fuel, he added.
New Zealand has 49.9 days of petrol, 45.5 days of diesel and 44.7 days of jet fuel in reserve, according to figures from the Ministry of Business, Innovation and Employment.
"There are healthy stocks of petrol, diesel and aviation fuel in the country with more on the way and the market is operating as normal," Prime Minister Christopher Luxon said.
"However ... our government is planning for scenarios where future fuel supplies could be disrupted."
On Tuesday, the government will roll out temporary measures to support the households that are most impacted by the spike in fuel prices, Finance Minister Nicola Willis said.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukrai...
At least six Palestinians were killed in Israeli strikes and gunfire across the Gaza Strip on Sunday, 14 June, according to local health officials, as...
Iran's national team received an emotional send-off from supporters in Tijuana on Sunday,14 June as they departed for Los Angeles ahead of their Worl...
All 12 people on board a plane that crashed near Butler Memorial Airport in the U.S. state of Missouri have died, according to local authorities....
Senior officials from Azerbaijan and Armenia held a working meeting in Dilijan, Armenia, on 14 June to discuss issues related to the peace agenda betw...
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
At least six Palestinians were killed in Israeli strikes and gunfire across the Gaza Strip on Sunday, 14 June, according to local health officials, as mediators intensified efforts to keep fragile ceasefire negotiations alive.
Iran's national team received an emotional send-off from supporters in Tijuana on Sunday,14 June as they departed for Los Angeles ahead of their World Cup opener against New Zealand.
All 12 people on board a plane that crashed near Butler Memorial Airport in the U.S. state of Missouri have died, according to local authorities.
Pakistan has warned that any attempt by India to block or significantly reduce river flows under the Indus Waters Treaty could have “far-reaching consequences”, after India's water minister said New Delhi was working to ensure that “not a single drop” of water reaches Pakistan in the coming years.
Armenia has every right to choose Europe. But Europe’s support for Armenia’s direction should not become automatic approval of its political process.
The U.S. and Iran say they have reached a deal to end their conflict, with an immediate ceasefire and reopening of the Strait of Hormuz after the lifting of the U.S. naval blockade. Talks will continue over the next 60 days to finalise the agreement
Details of a reported draft memorandum of understanding between the United States and Iran offer the clearest picture yet of how both sides plan to end months of conflict and move towards a longer-term settlement.
U.S. President Donald Trump has said a peace agreement with Iran is scheduled to be signed on Sunday in a post on social media, despite Tehran's Foreign Ministry spokesperson Esmaeil Baghaei saying no deal would be approved this weekend.
Ukrainian President Volodymyr Zelenskyy said he spoke with U.S. President Donald Trump on Sunday, 14 June about efforts to end Russia's war in Ukraine, as world leaders prepare to gather for the G7 summit in France.
All 12 people on board a plane that crashed near Butler Memorial Airport in the U.S. state of Missouri have died, according to local authorities.
Thousands of people took to the streets of Geneva on Sunday, 14 June ahead of this week's G7 summit in neighbouring France, but a largely peaceful demonstration later descended into clashes with police.
Veteran U.S. politician Mitch McConnell has been admitted to hospital in Washington, DC, according to his office.
British anti-Islam activist Tommy Robinson said he was detained by police at Heathrow Airport on Saturday, 13 June and had his mobile phone seized, days after posting extensively online about racist and anti-immigrant unrest in Northern Ireland.
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