In early August 1979 the Minister of Energy announced a target of 150,000 vehicles to be converted to run on CNG by the end o9f 1985. This represents about 10 percent of the total New Zealand road fleet, and perhaps 20 percent of all vehicles accessible to natural gas reticulation. The announcement followed a general policy decision to encourage the use of CNG as motor fuel alternatives to petrol.
In the 1980s, New Zealand led the way in using compressed natural gas (CNG) to power motor vehicles following the second oil shock.
This arrived in the wake of the 1979 Iranian revolution and the Iraqi invasion of Iran in 1980 that shunted the price of oil from $US15.85 to $US39.50 a barrel in a year, a world record level in real terms a record which was maintained until May this year.
By 1985, 100,000 CNG conversion kits had been fitted out of a fleet of 1.5m vehicles. CNG (compressed natural gas) is supplied to the automotive market through some North Island service stations. The CNG market has decreased markedly since government subsidies were removed in 1987.
Historically, CNG prices have been stable in New Zealand allowing economic savings to transport companies that have used it as a fuel.
Average CNG Price in New Zealand in
The Average Price of CNG in New Zealand in is
Price History of Average CNG Prices in New Zealand