News & updates

Over the last 72 hours I’ve sensed a quantum leap in attention and urgency to VDAM reform as officials advise their Ministers on what can be done about the fuel price crisis. 

With our large coastline, New Zealand has a huge exclusive economic zone, and there is absolutely the potential for more oil to be discovered somewhere in it.

Key themes include margins under pressure, severe cashflow strain, concern about diesel stockouts, and slowing demand.

The Government's Fuel Response Package suggests transport operators should start implementing fuel-saving measures in the 'precautionary' phase, but they already are.