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 proportion as a percentage of the compulsory stock obligations for motor gasoline, diesel and aviation fuel products are currently being held physically on the UK mainland; and if he will make a statement.
Obligated companies in the UK are required to hold at least one-third of their obligation as finished products of petrol, diesel and jet-fuel. The remaining two-thirds of the obligation can be met with a wider range of oil products and crude oil, known as ‘Any Oil’, potentially including additional stocks of petrol, diesel and jet-fuel. Companies are able to hold stocks both in the UK and in facilities within the European Union.
In April 2014 in total companies held 104% of the obligation for finished products of petrol in the UK, while for jet fuel this was 96% and diesel 78%. The higher figure for petrol is a result of stocks of this product also being held by obligated companies in the UK toward the ‘Any Oil’ obligation.