Recent developments
New Zealand’s government increased the Petroleum or Engine Fuel Monitoring Levy (PEFML) from New Zealand dollars (NZD) 0.0065 (USD 0.0040) to NZD 0.0072 (USD 0.0044) per liter under the , and will apply it until June 30, 2024.
On February 8, 2023, Prime Minister Chris Hipkins announced that the government will not continue with the Sustainable Biofuels Obligation amid possible higher fuel prices at retail stations due to the addition of biofuels. The was discharged on June 21, 2023.