ITALY – LOCATION OF EMERGENCY STOCKS – 1 APRIL 2016

The total annual amount of emergency stocks to be held is calculated as the highest value between 61 days of consumption and 90 days of net imports during the last year. This quantity is proportionally split into those products which has covered 75% of inland consumption in the previous year.

The obligation to hold emergency stocks start on April 1st of each year. The emergency stocks are held by OCSIT and the oil companies which provide petroleum products for consumptions. The stocks are made of “specific stocks” (gasoline, diesel, jet fuel and fuel oil) and “free stocks” as defined in Annex C, point 3.1, paragraph 1, of Regulation (EC) no. 1099/2008, with the exclusion of LPG.