London, 07/03/2022 – Following the invasion of Ukraine, UK fuel suppliers are working hard to ensure fuels continue to be available.
A UKPIA spokesperson said: “UKPIA and its members are working to respond to a rapidly changing environment and our thoughts are with those in Ukraine. Companies are in regular dialogue with government to ensure that fuels continue to be available to the public following the events in Ukraine and resulting sanctions on Russian vessels. Production, fuel imports, and inland deliveries continue to supply the fuels the country needs.
The UK's oil products are sourced from a diverse range of suppliers including the UK's own refineries and imports from across the globe. The restrictions on Russian owned, controlled, chartered and operated vessels are understood by fuel importers, and companies that have previously used such vessels are implementing contingency plans such as using alternatives to ensure products continue to be available.
UKPIA also welcomes the planned release of compulsory oil stocks as a means to, as the International Energy Agency has stated, “send a unified and strong message to global oil markets that there will be no shortfall in supplies”. Obligated companies in the UK will participate in the release coordinated by governments and ensure these additional stocks are made available to the market.”
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Notes to Editors:
- UKPIA represents eight refining and marketing companies that operate the six major oil refineries in the UK and source over 85% of the transport fuels used. UKPIA members also own around 1,250 of the UK's 8,000+ filling stations in the UK. UKPIA’s associate membership comprises a wide range of companies - from heating fuel supply and LNG imports, renewable and sustainable fuel producers, to terminals and pipelines - all providing a range of essential services across the industry.
- Jamie Baker, Director of External Relations, +44 (0) 2072 697 605