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.”
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Enquiries to: UKPIA Press Office, Tel. 020 7269 7600
Notes to editors:
- 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.
- For a copy of Crisis – What Crisis?, click here.