The Government admits its walking a fine line between being prepared and causing panic.
It's considering a raft of possible measures like car-less days, limits on petrol sales, and the introduction of fuel coupons if oil prices continue to rise.
Iran's threatening to keep the critical Strait of Hormuz closed for the foreseeable future.
Nicola Willis told Mike Hosking New Zealand's still in a good place right now, with a secure 50-day fuel supply.
She says they're proactive in case the situation changes, further down the track.
LISTEN ABOVE

Mark the Week: 'Horse-faced duck' gave a look behind the scenes at Labour
02:48

Mike's Minute: My thoughts on the Budget
01:59

Richard Arnold: US Correspondent on the latest draft plan for an extension to the ceasefire between Iran and the US
03:14