The Petroleum (Minimum Operational Stock) Regulations

These regulations aims at providing a strategic reserve of petroleum products in the country, along with ensuring the continuity of supply of petroleum products in case of disruption of supply of the products, and stabilising domestic prices of petroleum products. The minimum operational stock days’ consumption has been reduced in comparison with the 2008 regulations. The strategic stock is maintained at 15 days of consumption. The government appoints, through a competitive process, several oil importers to stockpile oil at the Petroleum Strategic Stocks Bulk Storage Facility.

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