• Policy

        • Ukraine

        • 2024

        Action plan to overcome the crisis situation in the oil and petroleum products market of Ukraine

        The list of measures to overcome a crisis situation at the emergency level includes among others demand-side measures like speed limits and sales restrictions.

        • Policy

        • European Union

        • 2009

        Directive 2009/119 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products

        EU Member States shall adopt laws, regulations or administrative provisions to ensure that the total oil stocks maintained at all times within the EU correspond to at least 90 days of average daily net imports or 61 days of average daily inland consumption, whichever of the two quantities is greater.

        • Policy

        • Peru

        • 1998

        Regulation for the Marketing of Liquid Fuels and Other Products Derived from Hydrocarbons

        This regulations sets the global framework over marketing activities of liquid fuels and derived products. It notably includes an obligation to maintain minimum stocks for all liquid fuels for producers and wholesale distributors based on their average daily sales volume in the last six months.

        • Policy

        • Republic of Turkiye

        • 2003

        Petroleum Market Law

        The National Oil Stock Commission, established under the Article 16, makes decisions on matters including: determination and increase of the principal number of days for national petroleum stocks: in an amount equivalent to at least ninety days of net imports, based on the daily average consumption of the previous yearmanagement of obligations that may be imposed, the procurement period, type, quantity, and storage location of national petroleum stocks; procurement of petroleum and services related to other decisions and measures regarding stocks and stockholding; sales from national petroleum stocks during extraordinary circumstances; and preparation of proposals to be submitted to the President…

        • Policy

        • Saudi Arabia

        • 2017

        Royal Decree No. M / 18 - The petroleum products trade system

        …sale, transport, storage, distribution, import and export. This includes crude oil and its derivatives, including: jet fuel, kerosene, gasoline, diesel, fuel oil, and asphalt. Product priced by state is limited to fuel use for burning purposes while feedstock applications would have to adhere to international prices.  The law requires persons to obtain a permit from this ministry before exporting or importing any petroleum products or materials containing priced or unpriced petroleum products. Any person who trades in petroleum products including buying, selling, distribution or uses petroleum products for commercial purposes without the required permit or approval of the Ministry may…

        • Policy

        • Croatia

        • 2003

        Regulation on mandatory stocks of oil and petroleum products

        This Regulation determines the parties responsible (i.e. importers with net imports of at least 25 tonnes of cruide oil and petroleum the previous year) for ensuring mandatory stocks of oil and oil derivatives, the method of ensuring mandatory stocks of oil and oil derivatives, and the supervision of the storage of mandatory stocks of oil and oil derivatives. Separately, the Law on Strategic Commodity Stocks provides for stockpiling by the government.

        • Policy

        • Sweden

        • 2012

        Regulation (2012:873) on Emergency Storage of Oil

        The Regulation outlines the calculation of national oil and fuel reserves, including biofuels and additives, for energy production. The Swedish Energy Agency determines and reports the required storage percentage each year.

        • Policy

        • Korea

        • 1970

        PETROLEUM AND ALTERNATIVE FUEL BUSINESS ACT

        The purpose of this Act is to ensure the stability of supply and demand and prices of petroleum and securing the appropriate quality of petroleum products and alternative fuels. Obligations to stock oil stands for refineries, exporters, importers and retailers.

        • Policy

        • Malta

        • 2012

        Subsidiary Legislation 545.09

        As a Member State of the European Union, Malta maintains a minimum volume of emergency oil stocks corresponding to 90 days of average daily net imports or 61 days of average daily inland consumption, whichever of the two quantities is greater. The Directive also imposes strict requirements concerning the composition and location of the emergency oil stocks, so as to guarantee their availability and accessibility in case of need, among other provisions.

        • Policy

        • Luxembourg

        • 2022

        Price reduction of combustion fuels for heating

        Joint communication by Ministry of Energy and Spatial Planning, and the Ministry of Finance on 16 May. Temporary reduction of 7.5 cents/€ per litre (incl. tax) of heating gas oil and industrial/agricultural gas oil.This temporary reduction lasts until December 2023. 

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