Link: https://www.rnz.co.nz/news/business/1351051/why-officials-are-reasonably-confident-of-avoiding-fuel-supply-shocks

He says despite the uncertainty, and although New Zealand is prepared in case a supply shock should emerge, he is not expecting that to happen.

"We're reasonably optimistic we won't face a supply shock because we have seen world markets adjust, new supply has become available, and there is supply getting out of the Middle East that we weren't actually aware of.

"Some countries will continue to buy for those who can afford it, and those who can't, won't. Put bluntly, New Zealand is in the countries who could probably afford it. We won't like it [when prices are higher] and it will have impacts on us, but we'll still be able to afford fuel."