Z Energy Reports Diesel Supply Challenges Amid Global Fuel Crisis in New Zealand
Z Energy's CEO Lindis Jones highlights rising fuel prices and supply challenges in New Zealand due to global events. The grape harvest in Nelson and Marlborough is nearing completion, but businesses face increased costs due to diesel shortages. A ship, Front Pollux, is expected to arrive with diesel supplies, yet concerns remain about future supply security amid geopolitical tensions. The company is monitoring demand and exploring biofuel options while working with the government to manage the crisis.
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Z Energy's CEO Lindis Jones reports significant fuel supply challenges in New Zealand amid rising global prices. The grape harvest in Nelson and Marlborough is nearly complete, yet businesses face increased fuel costs, with some contractors experiencing an extra $800 to $900 per shift.
The arrival of the Front Pollux at Marsden Point is expected to provide some relief, but concerns over geopolitical tensions affecting supply persist. Jones indicates a 10% increase in demand, with declining vehicle usage noted. Discussions on biofuel specifications and coordination with Australia for fuel supply are ongoing, as New Zealand navigates this energy crisis.
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