Recurring series

Weekly Fuel Market Watch

Finvaulta tracks 8 editions of Weekly Fuel Market Watch from ANZ, published between May 15, 2026 and July 9, 2026. Each edition is summarized on its own page.

Latest edition · July 9, 2026

NZ Insight Weekly Fuel Market Watch 14

This report monitors the global and domestic factors impacting fuel prices for New Zealand consumers, including crude oil benchmarks, refining margins, and import dynamics.

The report provides a comprehensive weekly overview of factors influencing New Zealand fuel costs. It covers global crude benchmarks, Singapore refined fuel prices, refining margins (crack spreads), and freight costs, while highlighting how the NZD exchange rate and domestic distribution/tax costs complete the picture. It also analyzes domestic supply chain shifts following the closure of Marsden Point and provides insights into fuel demand by sector.

Read the latest edition in full

Key takeaways from the latest edition

1.Fuel prices at the pump for New Zealanders are determined by a combination of global factors including crude oil benchmarks, refining margins, freight costs, and the NZD/USD exchange rate.
2.Since the 2022 closure of the Marsden Point refinery, New Zealand has transitioned from importing crude oil to importing refined fuel products exclusively.

What this series covers

Introduction
ANZ card spending at fuel stations
National weekly average price paid by consumers as of last Friday
Crude prices expressed in NZD
Singapore refined fuel prices expressed in NZD (Petrol)
Singapore refined fuel prices expressed in NZD (Diesel)
Crack spreads
Refining margins
Spot-front spread
Brent futures curve – the market’s take
Brent futures – The evolving shape of the curve
New Zealand’s fuel supply (days of cover)
Strait of Hormuz vessel crossings
Freight costs
Breaking down the price Kiwis pay at the pump (petrol)
Breaking down the price Kiwis pay at the pump (diesel)
The New Zealand dollar
OPEC estimated monthly production
Monthly fuel imports by country (main suppliers)
Fuel imports by country of origin (historical)
Fuel supply by method
Fuel demand by main sector (time series)
Diesel and petrol end use in “normal times”
Diesel end use: Breakdown of non-road transport in “normal times”
Petrol end use: Breakdown of non-road transport in “normal times”

Edition archive

Series at a glance

Editions tracked: 8
First edition: May 15, 2026
Latest edition: July 9, 2026

All ANZ research

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