Newstalk ZB
Prime Minister Christopher Luxon is expected to unveil an energy announcement with his Government’s final Budget this term just days away. Luxon will be holding his post-Cabinet press conference at Parliament about 3pm. A livestream will be played at the top of this article. It’s understood Luxon will be joined by Finance Minister Nicola Willis, Resources Minister Shane Jones and Energy Minister Simeon Brown. The announcement will likely be one of the last significant announcements before the Budget is revealed on Thursday. Earlier today, the Ministry of Business, Innovation and Employment released its latest fuel stocks update, showing levels of diesel had risen while petrol and jet fuel had dipped slightly. The update said New Zealand had a total of 53.1 days’ worth of petrol either in country or on the way, compared with 54 days noted in last week’s update. Jet fuel had also dipped from 55 days’ worth to 53.7 days. Diesel stocks had risen from 46 days’ worth to 49.1 days. In a statement from the ministry accompanying the data, it said overall fuel stocks “remained well above minimum requirements and within normal ranges, with regular shipments continuing to arrive as expected”. “Fuel importers have provided good confidence through confirmed orders to late June, with planned orders extending into August.”
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