Court Simon; Woods MeganSIMON COURT (ACT): Thank you Madam Chair. I just want to come back to the question that I don't believe the Minister has addressed which is: how much is this regulation and red tape and compliance construction operation going to add to the price of a litre of petrol and diesel? Minister surely there's been a cost and benefit analysis as part of a regulatory impact assessment. Surely Minister officials have provided advice considering there's a cost of living crisis. The Government accepts it. The Minister is part of a Government which has reduced GST. It says it is going to reduce the amount of GST paid on fruit and vegetables apparently because there's a cost of living crisis. Minister surely—surely—there would have been some analysis of the additional cost that this regulatory requirement would impose on petrol and diesel and jet fuel users because it would seem outrageous in the midst of a cost of living crisis and affordability crisis which every single opinion poll points to being New Zealanders' number one concern for people who have to make a choice between putting petrol or diesel in a family car or a tradie's van or paying a bill which is what ACT MPs hear about when we go around the country talking to working New Zealanders.Minister you have not been able to provide a response to my question which is: how much will this compliance add to the cost of a litre of petrol and diesel or a tonne of jet fuel?Hon Dr MEGAN WOODS (Minister of Energy and Resources): I'll repeat the explanation and the answer I've given to an earlier question around what the costs would be. I talked the member through in my earlier answer the fact that the number of days in the stockholding obligations were a careful balance between ensuring we had resilience for New Zealand's fuel supply and minimising the cost to consumers. As I've already pointed out to the member this is not likely and in fact the analysis we have is that it won't be required for new capital expenditure in terms of storage facilities. So that is not something that will be passed on to consumers.The thing that will need to change is the management practices. Again it's something that I've already been over in the course of this committee of the whole House stage. This is unlikely to have any large impact and if the member is looking for an answer around a sense he's not going to get that. But I can tell the member that in terms of the analysis the impact and flow-on of cost to consumers was utmost in consideration in putting together this regime. It is exactly why the Government is looking to do a portion of the diesel procurement itself—because that really is the resilience piece—to have there the additional seven days that the member had missed that took us up to 28 days of diesel stockholdings. That will be Government procurement and it is not putting that on to what the fuel companies need to hold and therefore have that pass-on to consumers. So I can reassure the member that all the way through this impact on cost and minimisation to consumers—the analysis that we have is that this should not have a great impact at all on the cost to consumers. You wouldn't notice it in the daily fluctuations in the cost of either crude or refined.