Regulatory environment

The key bodies in the Company's regulatory environment are:

  • Polish Ministry of Economy
  • President of the Material Reserves Agency
  • President of the Office of Competition and Consumer Protection / Trade Inspection Authority
  • President of the Energy Regulatory Office
  • Polish Customs Service
  • Polish Ministry of the Environment / Environmental Protection Inspection Authority
  • Security – MANDATORY STOCKS – every producer and trader of liquid fuels is under the obligation to create and maintain mandatory stocks of crude oil and fuels and to pay the mandatory stocks charge pursuant to the Act on Stocks of Crude Oil, Petroleum Products and Natural Gas, and on the Rules to be Followed in the Event of Threat to National Fuel Security or Disruptions on the Petroleum Market of February 16th 2007, as well as secondary legislation thereto;
    • EU: Council Directive No. 2009/119/EC of September 14th 2009 imposing an obligation on Member States to maintain minimum stocks of crude oil and/or petroleum products (OJ L 265/9 of 9.10.2009).
  • Quality – FUELS QUALITY – every producer of liquid fuels and every entity engaging in the trade in liquid fuels, including the trade in liquid fuels with foreign partners, is under the obligation to produce, market and sell only those liquid fuels which meet the quality specifications provided for in the Act on Fuel Quality Monitoring and Control Systems of August 25th 2006 and secondary legislation thereto;
    • EU: Directive 98/70/EC of the European Parliament and of the Council of October 13th 1998 relating to the quality of petrol and diesel fuels and amended by Directive 2003/17/EC of the European Parliament and of the Council of March 3rd 2003.
  • Taxes – EXCISE TAX– liquid fuels marketed by their producers or traders, which are classified as energy products under the excise tax law, are subject to excise tax payable on the terms and in the amounts provided for in the Excise Tax Act of December 6th 2008 and secondary legislation thereto;
    • EU: Council Directive 2008/118/EC of December 16th 2008 concerning the general arrangements for excise duty and repealing Directive 92/12/EEC.
  • Environment
    • Industrial emissions – the Act Amending the Environmental Protection Law and Certain Other Acts of July 11th 2014, whose primary goal is to counteract the negative environmental impact of industrial plants through more effective reduction of emissions so as to achieve high level of protection of both human health and the natural environment while eliminating administrative barriers;
      • EU: Directive 2010/75/EU of the European Parliament and of the Council of November 14th 2010 on industrial emissions (integrated pollution prevention and control).
    • Biofuels – NIT – all producers of gasolines and diesel oils and all entities engaging in the trade in such liquid fuels with foreign partners consisting in their import and sale in Poland are under the obligation to implement the National Indicative Target for liquid biofuels in every calendar year, that is to ensure the minimum share of biocomponents and liquid biofuels in the total volume of gasoline and diesel oils produced in or brought to Poland, as specified in the Act on Biocomponents and Liquid Biofuels of August 25th 2006 and secondary legislation thereto;
      • EU: Directive 2009/28/EC of the European Parliament and the Council of April 23rd 2009 on the promotion of energy use from renewable sources and amending and subsequently repealing Directives 2001/77/EC and 2003/30/EC (Text with EEA relevance).