New Zealand is likely to reach 'peak petrol' within the next two years, according to data from Channel Infrastructure.

Diesel use is also set to remain strong for the time to come and aviation fuel consumption will only go up.

Channel Infrastructure CEO Naomi James says petrol demand is peaking and will decline because of the demand for EV's and increasing fuel efficiency.

Naomi James doesn't believe the scrapped biofuel mandate will have a major impact on forecasts in the long term.

LISTEN ABOVE

New Zealand is likely to reach 'peak petrol' within the next two years, according to data from Channel Infrastructure.
Diesel use is also set to remain strong for the time to come and aviation fuel consumption will only go up.
Channel Infrastructure CEO Naomi James says petrol demand is peaking and will decline because of the demand for EV's and increasing fuel efficiency.
Naomi James doesn't believe the scrapped biofuel mandate will have a major impact on forecasts in the long term.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.