THE PROPOSED REGULATION HAS THE GOAL TO ADDRESS CONCERNS OVER THE REGIONS ESTABLISHED TO MAINTAIN THE MINIMUM STORAGE STOCKS FOR PETROLEUM PRODUCTS, WHICH MAY INTERFERE WITH THE BUSINESS STRATEGY OF THE COMPANIES.
THE PROPOSED MODIFICATION SEEKS TO ACHIEVE THE FOLLOWING:
1) ELIMINATE THE REGIONAL OBLIGATION OF MINIMUM STORAGE LEVELS;
2) ALLOW THE USE OF UNFINISHED GASOLINE AND BLENDING COMPONENTS AS PART OF THE MINIMUM STOCKS OBLIGATION;
3) GRANT A WAIVER ON THE STARTING DATE FOR MARKETERS AND DISTRIBUTORS THAT FOR REASONS OUT OF THEIR CONTROL CANNOT START THE STORAGE FOR MINIMUM PETROLEUM STOCKS AS OF JANUARY 1ST 2020, AND
4) FACILITATE THE COMPLIANCE WITH WEEKLY REPORTS FOR THE INDUSTRY.