Industry: No Signs of Fuel Hoarding

Amidst the escalating global tensions and the subsequent surge in oil prices, the Swedish fuel industry is projecting a sense of calm, asserting that there are currently no indications of panic buying or a need for rationing gasoline and diesel. David Sällh from Drivkraft Sverige, the industry's trade organization, assures that ample measures are in place to manage the situation before any drastic steps like rationing become necessary.

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We see no signs of panic buying, and there are many measures to take before it becomes a question of rationing.

While acknowledging that aviation fuel might be more vulnerable to supply disruptions, especially if the conflict prolongs, Sällh explains that the market has self-correcting mechanisms. Increased prices could make flying less profitable, leading airlines to reduce flights and thus decrease demand for aviation fuel. Furthermore, other oil producers might step in to cover some of the shortfall.

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Calling for rationing now is a bit early, like crying wolf. We have quite a few tools so that it doesn't have to go that far.

For private motorists, the outlook remains stable. Sweden's strategic reserves of gasoline and diesel are sufficient for 90 days of consumption, and these are considered a buffer rather than a primary supply source. The industry emphasizes that import channels are expected to remain open, and coordinated measures within the EU can be implemented if needed. The message from the industry is clear: while vigilance is necessary, the current situation does not warrant alarmist calls for rationing.

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In the beginning of the war, there were certain tendencies towards increased volumes, but it is back to normal, expected levels. That is, we see no signs that people are hoarding.