Polttoainevarmuuslain

Polttoainevarmuuslain, or the Finnish Fuel Security Act, is legislation enacted in Finland to ensure the availability of essential fuels during times of crisis or disruption. The primary objective of this law is to safeguard national energy security by mandating that fuel suppliers maintain a certain level of reserve stocks. This strategic reserve is intended to mitigate the impact of potential supply shortages, which could arise from geopolitical events, natural disasters, or other unforeseen circumstances affecting international fuel markets.

The Act places specific obligations on companies involved in the import, wholesale, and distribution of petroleum products. These companies are required to hold and maintain stocks of crude oil and refined petroleum products that are sufficient to cover a defined period of domestic consumption. The exact quantities and types of fuels to be held in reserve are determined by government decrees, taking into account national energy needs and strategic considerations.

Furthermore, Polttoainevarmuuslain outlines the procedures for releasing these reserve stocks when a fuel supply emergency is declared. The government has the authority to order the release of these reserves to ensure continued supply to critical sectors of the economy and the general public. The law also addresses aspects related to the financing and management of these reserves, ensuring their operational readiness. The Finnish Ministry of Economic Affairs and Employment is typically responsible for overseeing the implementation and enforcement of the Fuel Security Act.