November 27, 2018 / 2:52 PM / 21 days ago

German oil industry has no plans to demand releases from reserve

FILE PHOTO: General view of the Petrolchemie und Kraftstoffe (PCK) oil refinary in Schwedt/Oder, October 20, 2014. REUTERS/Axel Schmidt/File Photo

FRANKFURT (Reuters) - Germany’s oil industry has no plans to demand the release of more oil products from national reserves to help areas affected by tight supply, an industry body said on Tuesday.

The Economy Ministry last month authorised the release of products after logistics hiccups caused by months of low river water levels left some regions short of replacement supplies of gasoline, diesel and jet fuels.

“There is currently no further request (directed at the ministry) by MWV related to the release of reserve volumes,” a spokesman for the Berlin-based Mineraloelwirtschaftsverband (MWV).

“It is not ruled out there could be a further request but at the moment, it is not the case,” he added.

The supply situation was still tight but had stabilised somewhat, he said.

He also said that as of Nov. 22, the state of North-Rhine Westphalia had lifted a ban on tanker trucks travelling on Sundays, to help ease shortfalls at petrol stations.

With river barges on key routes such as the Rhine not sailing fully or not at all, some filling stations had trouble restocking.

The ban has been lifted until May 31, 2019.

Reporting by Vera Eckert; Editing by Louise Heavens

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