The Ministry of Energy has published on the Mexican government’s website www.gob.mx/aperturagasolinas its project for the“Public Policy for Mandatory Minimum Stocks of Oil Products”. The objective is to increase Mexico’s energy security by creating a mandate to maintain minimum stocks of gasoline, diesel, and jet fuel in all regions of the country.
The required minimum volumes will be equivalent to 5, 10, and 15 days of the national demand to be enforced in 2019, 2021, and 2025, respectively.
The stocks to be built in order to comply with this public policy must only be used under extraordinary circumstances according to the instructions of Mexico’s Energy Sector Coordinating Council (Consejo Coordinador del Sector Energético).
The Policy for mandatory minimum stocks will be compulsory for all the distributors and traders of oil products with sales to gas stations or final users.
Furthermore, this policy sets the obligation to weekly report oil products and crude oil stocks starting 2H 2017. This information will be aggregated and published by the Ministry of Energy with the objective to inform the supply situation in the country. Based on above, the oil market in Mexico will have information in order to support the decision making process of all participants which will strengthen the supply conditions in all regions.
Moreover, this policy contributes to the modernization of Mexico’s storage infrastructure according to the best international practices in this field and triggers investments.
The policy is open to feedback and comments until January 31th, 2017, through the following e-mail address: email@example.com.