We are consulting on draft rules for the Minimum Stockholding Obligation (MSO) under the new Fuel Security Act 2021.
The MSO will require fuel importers and refiners to maintain a baseline level of petrol, jet fuel and diesel stocks. Importers will be required to increase diesel stockholdings by 40% from 1 July 2024.
Our department will consider feedback we receive through this process. We’ll use the information to finalise the draft Rules for the Minister for Industry, Energy and Emissions Reduction to consider and approve.
Exposure drafts
- Exposure draft of the Fuel Security (Minimum Stockholding Obligation) Rules 2022 (MSO Rules) [272KB PDF] [107KB DOCX]
- Exposure draft of the Petroleum and Other Fuels Reporting Amendment (Minimum Stockholding Obligation) Rules 2022 (POFR Rules) [207KB PDF] [131KB DOCX]
Supporting documents
- MSO Rules explanatory note [179KB PDF] [508KB DOCX] provides a broad overview of how the MSO works in practice with key details from the draft MSO Rules.
- POFR Consequential Amendment Rules explanatory statement [301KB PDF] [106KB DOCX] provides a clause-by-clause outline and explanation of the proposed amendments to support the reporting framework for the MSO.
- Draft Consumption Cover Days Ministerial instrument [108KB PDF] [70KB DOCX]
