Nicola Willis: Finance Minister says Phase 3 or 4 in fuel plan would be bad for the economy

Today, Finance Minister Nicola Willis and Associate Energy Minister Shane Jones announced the four-stage fuel plan in response to fuel supply concerns stemming from the war in Iran.

Phase one of the plan focuses is on monitoring global developments, phase two would involve active co-ordination between the Government and industry, including supporting efforts to reduce demand, phase three and four, at this stage, would include prioritising fuel for emergencies, freight and food supply chains, and key industries.

Willis told Heather du Plessis-Allan that phase three and four would negatively impact the New Zealand economy. 

"It wouldn't be great for anyone, for jobs or livelihoods, which is why we're working so hard now to try and prevent that ever being possible," she said. 

"But, we also recognise these are events outside our control."

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