SENER Modifies The Minimum Petroleum Storage Public Policy - Energy and Natural Resources - Mondaq Mexico - Mondaq Business Briefing - Books and Journals - VLEX 829596241

SENER Modifies The Minimum Petroleum Storage Public Policy

Author:Mr José Antonio Postigo Uribe, José Alberto Campos Vargas and Tania E. Trejo-Gálvez
Profession:Sanchez Devanny
 
FREE EXCERPT

On December 6, 2019, the Document amending the Minimum Petroleum Storage Public Policy (the "Document") was published in the Official Gazette of the Federation ("DOF").

Through the Document, the Ministry of Energy reduced the obligation of the minimum number of days of progressive storage corresponding to all permit holders who commercialize or distribute imported or domestic gasoline, diesel and turbosine and make sales to end users or service stations. Therefore, the obligation to store minimum inventories of gasoline and diesel from 2020 to 2025 in national territory decreased to 5 days, and for turbosine it will be 1.5 days of storage in airports and / or airfields and an additional 1.5 days as a monthly average.

The new minimum inventory obligation is intended to take effect as of July 1, 2020.

Before the Document was published in the DOF, the minimum storage obligation would take effect as of January 2020 and from January 2022 and 2025, the magnitude of such obligation would be gradually increased.

The minimum mandatory inventories for the first phase of implementation...

To continue reading

REQUEST YOUR TRIAL