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Crisis - What crisis?

20th April 2016

The competitiveness of oil refining and other energy intensive industries is under threat

Today, the UK Petroleum Industry Association has published its latest short report titled Crisis – What Crisis? which explores the shared challenges facing oil refining and other energy intensive industries in the UK. 

In light of the wider crisis facing UK manufacturing, the report provides a wide-angle overview of why industry matters and, through a refining sector case study, delineates the pressures undermining its competitiveness.

Chris Hunt, Director General of UKPIA, commented: “The UK manufacturing sector is now at a critical stage and faces a number of challenges, the response to which will have profound impacts on long-term economic growth and our national resilience. At a point when industry competitiveness is being eroded by the unilateral cost burden of regulation, urgent action is needed to ensure a regulatory level playing field.”

Ends

 Enquiries to: UKPIA Press Office, Tel. 020 7269 7600

                             

Notes to editors:

  1. UKPIA represents eight oil refining and marketing companies that operate the 6 major oil refineries in the UK and source close to 85% of all petroleum products used. UKPIA members also own around 1,500 of the 8,494 filling stations in the UK.
  2. For a copy of Crisis – What Crisis?, click here.

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