The Cook Islands Ministry of Finance and Economic Management published an update from Energy Response Technical Working Group Chair Joaquin Vespignani confirming that fuel shipments remain scheduled and there is no domestic shortage. The response remains in the Prepare phase, with fuel stocks and shipments across all islands monitored weekly. However, high global fuel prices, particularly for diesel, are likely to persist into 2027, and households and businesses are advised to avoid stockpiling, reduce consumption and plan for higher costs. Global refinery output in August was about 4.2 million barrels a day lower than a year earlier, reflecting disruption to the Strait of Hormuz, damage to Russian refineries and export restrictions by Russia and China. Crude oil reached about USD 105 a barrel in late September, up around 50% year over year, while diesel more than doubled and jet fuel rose about 90%. Diesel price increases could feed through to electricity, freight and imported goods, while higher jet fuel costs may affect airfares and visitor demand. Free public transport on Rarotonga continues, and a second Temporary Household Support Payment reached beneficiaries in mid-September. Businesses reliant on diesel-powered vehicles, boats or generators should budget for elevated costs into 2027, while Pa Enua communities are advised to order fuel early where shipping schedules permit and coordinate local arrangements with island governments.
Cook Islands Ministry of Finance and Economic Management reports no fuel shortage as global price pressure is expected into 2027
The Cook Islands Ministry of Finance and Economic Management confirmed that fuel shipments remain scheduled and there is no shortage, although global prices are expected to remain high into 2027. Diesel has more than doubled in price over the past year, creating pressure on electricity, freight and imported goods. Households and businesses are advised to avoid stockpiling, conserve fuel and plan for sustained higher costs.