Intervention stocks

2016-04-13 13:48:19

Intervention stocks – stocks of crude oil and petroleum products created to ensure the supply to the Republic of Poland of crude oil and petroleum products in the event of disruptions in deliveries to the domestic market and international obligations.

The size of the intervention stocks – amount of the crude oil and fuels corresponding to ratio of at least 90 days and the average daily net imports of crude oil equivalent in the previous calendar year.

Intervention stocks consist of:

  • compulsory stocks created and maintained by entrepreneurs
  • agency stocks created by the Material Reserves Agency

Compulsory reserves:

  • crude oil and fuels with the exception of liquefied petroleum gas (LPG) – the amount corresponding to the ratio of:
  • 76 days and average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – until 31 December 2014,
  • 68 days and average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – from 1 January  2015,
  • 63 days and the average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – from 31 March 2016,
  • 60 days and average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – from 1 October 2016,
  • 57 days and average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – from 31 March 2017,
  • 53 days and average daily fuel production or import of crude oil or fuels completed by the producer or trader in the previous calendar year – from 31 December 2017;
  • liquefied petroleum gas (LPG) – the amount corresponding to the ratio of 30 days and average daily production of liquefied petroleum gas (LPG) or import, completed by the producer or trader in the previous calendar year.

Methods for calculating the compulsory stocks are set out in Article 5 of the Act, in particular:

  • in the case of crude oil – Article 5, paragraph 3b, section 1-2 of the Act,
  • in the case of fuels, excluding liquefied petroleum gas (LPG) – Article 5, paragraph 3b, section 3 of the Act,
  • in the case of liquefied petroleum gas (LPG) – Article 5, paragraph 3k.

These above rules do not apply to producers or traders in the first year of business, the legal situation in the creation and maintenance of compulsory stocks of which has been specified in the "Compulsory stocks in the first year of activity".

Producer and trader who had been removed from the register at their request and then took the business in the production or importation of fuels in the period of 12 months from the date of cancellation of the registration from the register, creates compulsory stocks of crude oil and fuels, based on the same regulations as producers and traders who did not stop the pursuit of business and were not removed from the registry and the period of removal from the register to resume the activities is included in the period of business.

In the above mentioned the obligation to create and maintain compulsory stocks in the required size starts from the 15th day of the month following the month in which the resumption of economic activity has been made.

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Close Pierwsza publikacja: Weneta Lenius (13.04.2016)
Ostatnia publikacja: Weneta Lenius (13.04.2016)
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