newsnz

Latest news from New Zealand in English: politics, business, world, technology, sport, and lifestyle.

fuel crisis nz — NZ news
Business

Fuel Crisis NZ: Regulatory Changes for Heavy Vehicles Under Consideration

The New Zealand government is considering significant regulatory changes for heavy vehicles to address a fuel crisis, despite skepticism about their effectiveness in saving fuel. Transport Minister Chris Bishop announced that easing weight restrictions could be on the table as the country grapples with dwindling fuel supplies.

As of April 22, New Zealand has only 51.8 days of petrol, 41.3 days of diesel, and 45.7 days of jet fuel available. This shortage has prompted discussions about four proposed changes: allowing heavier trucks on the road, issuing normal licenses for heavy electric utes, relaxing restrictions for over-dimension vehicles, and removing route restrictions for these vehicles.

Transporting New Zealand estimates that loosening weight restrictions could save several million litres of diesel and avoid around 10 million kilometres of heavy travel. However, Labour leader Chris Hipkins expressed skepticism about the plan, stating that heavier trucks typically consume more fuel.

This debate unfolds as the government currently operates in Phase 1 of its National Fuel Response Plan, aiming to prevent disruptions similar to those experienced during the Covid-19 lockdowns. Regulation Minister David Seymour emphasized that they are acting on regulatory feedback to enhance fuel resilience.

“Fuel prices are already putting pressure on households and businesses, which is why this work matters,” Seymour noted. The Ministry of Business, Innovation and Employment recently reported a slight decrease in fuel stocks across all types since the previous update.

Concerns linger regarding the impact that heavier trucks may have on road maintenance and safety. While some experts question whether these proposed changes will effectively save fuel, officials remain committed to refining public submissions to implement necessary adjustments swiftly.

The government has also lent substantial amounts—$17.2 million to Air Chathams, $4.5 million to Sounds Air, $252,000 to Island Air, and $1.1 million already lent to Golden Bay Air—to support regional airlines affected by the crisis.

As discussions continue around potentially moving to Phase 2 of the national fuel response plan, Nathan Surendran highlighted a crucial point: “The cost of acting early and being wrong is inconvenient, but the cost of acting late and being right is supply collapse in a 100% import-dependent economy.”