John Robertson – 2014 Parliamentary Question to the Department for Energy and Climate Change
The below Parliamentary question was asked by John Robertson on 2014-06-26.
To ask the Secretary of State for Energy and Climate Change, what strategic level his Department has agreed with industry for the amount of motor gasoline, diesel and aviation fuel products required to meet the compulsory stock oligations.
Michael Fallon
EU Member States are required under EU Directive 2009/119/EC to hold oil stocks at the higher of 90 days of average net daily imports or 61 days of average daily inland consumption in order to mitigate a substantial supply disruption. At present, the UK is obligated at 61 days of average daily inland consumption. The UK meets this obligation by directing substantial suppliers of oil products to the UK market to hold stocks.
In order to meet the requirements of EU Directive, the UK requires that at least one-third of this obligation is held by industry in the form of gas/diesel oil, motor gasoline and Kerosene-type jet fuel.
