New petroleum storage rules proposed by state regulators

The Oklahoma Corporation Commission’s Storage Tank Advisory Committee will meet Monday to consider new rules.

The rules, according to a meeting notice posted by the commission were proposed by the Petroleum Storage Tank Division and Counsel.

The meeting will take place Monday, Sept. 24 at 2 p.m.

The Petroleum Storage Tank Division (PSTD) comprises four departments: Accounting, Administrative, Compliance and Inspection, and Technical.

The Division enforces state and federal regulations which pertain to petroleum storage tanks that contain antifreeze, motor oil, motor fuel, gasoline, kerosene, diesel and aviation fuel. The Fuel Inspectors check the calibration of gasoline pumps to ensure that customers are receiving the accurate amount of gasoline at each purchase. Inspectors also check octane levels and assist tank owners in proper release detection methods.

The Division also administers the Petroleum Storage Tank Release Indemnity Fund, created by the Legislature in 1989 to help fuel storage tank owners meet a requirement for liability insurance for damage caused by leaking tanks.