he Department of Mines (“the Department”) under the Ministry of Natural Resources and Environmental Conservation (“MONREC”) has issued a reminder on the renewal of storage licenses for petroleum and petroleum products. All such licenses will expire on 31 December 2025, and license holders must take timely action to ensure compliance and avoid penalties.
Key Update
All petroleum and petroleum product storage licenses issued by the Department will expire on 31 December 2025. In accordance with Rule 119 of the Petroleum Rules, license holders must file their renewal applications for 2026 at least two months before the expiry date to ensure compliance.
For further information, please visit DFDL.
