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MPs call for action over refining cost

07 August, 2013
Page 4 

MPs have urged the Government to take action to maintain the health of the UK oil refining industry. The House of Commons Energy and Climate Change Committee's report on UK Oil Refining, called for government action to address the burden of UK and EU legislative requirements that affect the competitiveness of UK refineries.

A key conclusion was that "The UK needs to maintain the health of its refining industry. A mix of domestically refined products and imports is an important ingredient of energy security and the UK refining industry is a welcome provider of jobs and tax revenue for the economy.

"We agree with witnesses who called for Government to set a long-term framework for the industry to help secure its future."

It adds: "The scale of legislative and regulatory burdens on the industry may undermine long-term sustainability. DECC's strategic objective should be to level the playing field between domestic refiners and importers, approaching these sectors as an integrated industry of two parts."

Chris Hunt, director general of UKPIA which represents the oil refining industry, said: "The inquiry and conclusions are timely and complement the 'Call for Evidence' from DECC [Department of Energy & Climate Change] on refining and the wider supply of fuels.

"We look forward to publication of DECC's conclusions later this year."

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Weekly retail fuel prices: 12 March 2018
RegionDieselLPGSuper ULUL
East Midlands122.51130.41119.75
North East121.9159.90130.37118.93
North West122.10129.79119.33
Northern Ireland121.63127.90119.50
South East123.38130.89120.64
South West123.01129.58119.87
West Midlands121.9062.90131.05119.12
Yorkshire & Humber121.76131.69118.84

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