Fuel stocks in the country have stabilized after experiencing a notable increase in supply last week. According to the latest government data available up to midnight Wednesday, supplies of petrol and jet fuel have decreased by three days’ worth, while diesel reserves have seen a slight uptick. Currently, there are 56.2 days’ worth of petrol, 46.3 days’ worth of diesel, and 47.7 days’ worth of jet fuel either present in the country or en route.
When compared to the previous figures, which recorded 59 days’ worth of petrol, 45.2 days’ worth of diesel, and 50.2 days’ worth of jet fuel, the latest numbers show a slight reduction in petrol and jet fuel. Despite these changes, the government assures that the fuel stocks remain well above the minimum requirements and fall within normal operational ranges.
The increase observed last week resulted from several large shipments that recently set sail for New Zealand. These shipments arrive and are quickly utilized before the next batch is loaded, which creates a pattern of significant stock increases followed by a gradual decline. This cyclical nature of fuel supply is expected as part of regular operations.
Looking ahead, regular shipments are anticipated to continue arriving as planned. Fuel importers express confidence in the status of supplies, supported by confirmed orders extending through late June. This ongoing influx of fuel ensures that the country can maintain its reserves at a stable level, accommodating for both current consumption and future demands.