Diesel reserve arrives at Marsden Point - but it'll cost $1.2m per month to sto…
Diesel reserve arrives at Marsden Point - but it'll cost $1.2m per month to store | Stuff.co.nz
Stuff ·
Diesel reserve arrives at Marsden Point - but it'll cost $1.2m per month to store | Stuff.co.nz
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{"v":1,"chapters":[{"timeSeconds":1,"label":"Diesel reserve arrives at Marsden Point","summary":"The government has until December to decide whether to continue holding an additional 90 million litres of diesel at Marsden Point. The first shipment has arrived."},{"timeSeconds":21,"label":"Prime Minister inspects fuel storage","summary":"Prime Minister Christopher Luxon waves as he looks out at the 400 million litres of fuel storage capacity at Marsden Point."},{"timeSeconds":48,"label":"Context: Middle East conflict and fuel prices","summary":"The video briefly shows images of conflict and then a petrol station, referencing the fuel price hikes that occurred in April due to fears of a supply shock."},{"timeSeconds":56,"label":"Government secures additional diesel","summary":"The government partnered with Z Energy to secure an additional 90 million litres of diesel as a strategic reserve. This was done in response to the Middle East conflict."},{"timeSeconds":103,"label":"First 50 million litres arrive","summary":"The first 50 million litres of diesel procured by Z Energy for the government has arrived at Marsden Point. A further 40 million litres are expected by the end of the month."},{"timeSeconds":133,"label":"Shane Jones on fuel resilience","summary":"Resources Minister Shane Jones states that the diesel reserve is a reminder of the need for resilience and that they do need a buffer."},{"timeSeconds":155,"label":"Finance Minister on contract terms","summary":"Finance Minister Nicola Willis explains that the contract with Z Energy allows them to use the stored fuel until the end of December. They can then decide whether to extend the deal."},{"timeSeconds":223,"label":"Support for low-income households","summary":"The government's targeted financial support to help households with high fuel prices may soon end. Low-income working families with children could receive an extra $50 a week."}]}
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