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Speaker 1: So the question out of the petrol announcement yesterday is

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Speaker 1: what we well, we now align ourselves with the Australian recipe.

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Speaker 1: How much difference does it actually make? See in theory,

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Speaker 1: by matching Australian standards we open access to international shipments.

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Speaker 1: Lauren demelo is the senior Lecturer Department of Applied Finance

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Speaker 1: and Refined Oil Expert at Macquarie University, is with us

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Speaker 1: out of Australian Morning to you.

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Speaker 2: Good morning the oil out there.

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Speaker 1: In the world. If we adjust what we want all

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Speaker 1: our standards, do we automatically get access to a lot

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Speaker 1: more oil.

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Speaker 2: It doesn't really work like that, you know, the shipments

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Speaker 2: have to be available. A lot of other countries have

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Speaker 2: also reduced their standards. Now both sides of governments have

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Speaker 2: not been very transparent as to exactly what the relaxation

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Speaker 2: or standard actually means. So in Australia we've had you know,

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Speaker 2: fuel that has so fuel cons with a bit of

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Speaker 2: salt for in it. And over the years we've reduced

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Speaker 2: our standards from one hundred and fifty parts per million

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Speaker 2: to fifty parts per million and now it's ten parts

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Speaker 2: per million. So I'm not sure exactly what the New

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Speaker 2: Zealand government's trying to say here. But at the same

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Speaker 2: time they're saying, we're not going to allow what the

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Speaker 2: people have been calling dirty fuel. So the fuel with

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Speaker 2: like you know, fifty parts per million that's been put

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Speaker 2: in our tanks for the last ten years and if

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Speaker 2: the government's allowing that to come back in, it's not

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Speaker 2: going to do anything no environmental damage that some people are.

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Speaker 1: Thinking, Okay, so it isn't because the minister he has

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Speaker 1: said very clearly it is not dirty fuel. It is

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Speaker 1: untrue to call it dirty fuel. You would agree with that.

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Speaker 2: Yeah, I think the word dirty is kind of misused because,

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Speaker 2: you know, because the governments in Australia have been trying

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Speaker 2: to move away to the cleaner type fuel. So I

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Speaker 2: think for the last ten years, if you use the

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Speaker 2: same fuel, this only happened in December twenty five. So

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Speaker 2: I think the government in New Zealand needs to go

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Speaker 2: a step further and kind of match, you know, what

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Speaker 2: Australia is doing. Although I have to say the Australian

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Speaker 2: government is not very transparent exactly what type of fuel

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Speaker 2: we're importing.

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Speaker 1: Well, it's going to say because in my observation, from

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Speaker 1: this side of the taskment, I think you've got more

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Speaker 1: problems than we do. To be perfectly frank, and it

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Speaker 1: strikes we've got fifty days or something like that in reserve.

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Speaker 1: I don't know where you're at currently, but you've got

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Speaker 1: distribution problems and getting it to petrol stations. You've got

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Speaker 1: panic buying and all that sort of thing. Do you

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Speaker 1: have it under control? What's your observation of that.

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Speaker 2: It's still quite rampant over here. I think yesterday there

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Speaker 2: were one hundred and fifty petrol stations without any fuel

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Speaker 2: and the biggest problem here is distribution, fuel hoarding. People

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Speaker 2: are panic buying, so it is a bigger problem I

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Speaker 2: think in Australia than New Zealand. But I think look

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Speaker 2: for both countries in diesel is a really big concern.

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Speaker 2: And even though both sides government you know, reassuring us

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Speaker 2: with these small or you know announcement there that went.

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Speaker 1: Both He's gone, Laurian Demelo, listen, I appreciate you getting

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Speaker 1: up early in the morning senior lecture at Department of

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Speaker 1: Applied Science and Refined All Expert at Macquarie University. He's

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Speaker 1: up early at in Sidneys for more from the mic

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Speaker 1: Asking Breakfast. Listen live to news talks it'd be from

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Speaker 1: six am weekdays, or follow the podcast on iHeartRadio