Polish gov’t approves bill tweaking fuel reserves law
January 15, 2014
Poland’s cabinet approved a new bill that will tweak mandatory fuel reserves legislation and ease burden for firms in the sector, which should enjoy PLN 60 million in annual savings, the government’s press office CIR said on Tuesday.
The new regulation will allow firms to delegate 10% (and eventually, in 2017, 30%) of reserves to state's reserves agency ARM, the statement reads.
The agency would create and maintain the reserves and firms would finance the reserves through a "reserves fee."