Switzerland will release its stocks of gasoline, diesel and heating oil from October 3


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ZURICH – The Swiss government will release gasoline, diesel, heating oil and kerosene from its strategic reserves from October 3 to ensure the supply of petroleum products to the national economy, it announced on Friday.

He mentioned limited freight capacities on the Rhine and logistical problems with foreign rail transport due to a lack of conventional supply.

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The government has already twice this year effectively freed up fuel reserves by allowing companies required to contribute to be undersupplied by almost 20%.

The strategic reserves, or compulsory stocks, of petrol, diesel and heating oil cover approximately 4.5 months of normal consumption. In the case of kerosene, reserves are sufficient for about three months, the government said in a statement.

The order releasing the stocks will remain in effect “as long as the situation absolutely requires”, he said.

Compulsory stocks of petroleum products were last released in 2005, 2010 and 2019.

He also recommended that companies that can switch to using heating oil from natural gas do so from October 1. (Reporting by Michael Shields; Editing by Jan Harvey)

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