The conflict in the Middle East has seen oil prices jump - and could mean higher costs at the pump
The conflict in the Middle East has seen oil prices jump - and could mean higher costs at the pump
2 March 2026
But Finance Minister Nicola Willis says it doesn't mean we need to re-think the Marsden Point oil refinery.
It ceased refining operations in 2022 and has been converted to an import only fuel terminal.
Willis says it would still have needed to import the oil - but adds there's some resilience in the system.
She says last year the Government made changes which mean fuel suppliers here have to keep 28 days of fuel in reserve.
© 2026 Newstalk ZB, NZCity