Waitomo fuel chief executive Simon Parham. Photo: SuppliedFuel industry leaders are welcoming the government's moves to increase fuel capacity - but say while it will help with long-term concerns, price spikes are a bigger worry. "While fuel importers do continue to indicate confidence in near-future orders and while they are already exploring alternatives to Asia as a source of fuel supply, we believe that some residual risk remains," Finance Minister Nicola Willis said. Waitomo fuel chief executive Simon Parham told RNZ more storage would help in the long-term, but would not bring prices down. Waitomo's Simon Parham said suppliers were doing their best.

Source: Otago Daily Times March 30, 2026 18:57 UTC