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Oil & Gas Alert - February 2026
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Themes
AN EXCEPTION TO THE APPLICATION OF ARTICLE 43 OF THE REGULATIONS FOR THE MARKETING OF LIQUID FUELS AND OTHER HYDROCARBON DERIVATIVES WAS APPROVED
On February 18, 2026, Directoral Resolution No. 017-2026-MINEM/DGH (the “Resolution”) was published in the Official Gazette El Peruano, which exempts Producers and Wholesale Distributors who have their own or contracted storage capacity for Regular and Premium Gasoline and Gasohol at a Supply Plant from compliance with Article 43 of the Regulations for the Marketing of Liquid Fuels and Other Hydrocarbon Derivatives, approved by Supreme Decree No. 045-2001-EM (the “Regulations”), for a period of fifteen (15) calendar days.
It is important to remember that Article 43 of the Regulations requires Producers and Wholesale Distributors with their own or contracted storage capacity to maintain, at each Supply Plant, a minimum average monthly stock of each fuel equivalent to fifteen (15) calendar days, calculated based on the average shipments of the last six (6) months. Likewise, each Supply Plant must maintain an additional minimum stock of five (5) calendar days, determined based on the plant's own average shipments.
The exception approved by the Resolution is primarily due to:
- Low inventory levels of gasoline and gasohol at various terminals and supply plants.
- Limitations in the production of Premium gasoline at the Talara Refinery.
- Adverse weather conditions affecting the timely replenishment of inventories by sea.