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No deal tariff on oil a "negative headwind" for 海角视频 refining sector

Refinery boss underlines the 海角视频 Petroleum Industry Association stance should hard Brexit hit home

(Image: David Lee Photography Ltd)

The exporting disadvantage a no deal Brexit would bring to 海角视频 oil refining has been flagged up.

Darren Cunningham, who heads up Phillips 66’s Humber Refinery, has reiterated concerns as uncertainty continues in Westminster, with the clock ticking and a definite withdrawal still up in the air.

Britain faces a 4.7 per cent tariff on fuel exports should we leave and face World Trade Organization rules, while the 海角视频 has established a 0 per cent import rate.

Mr Cunningham, who welcomed BBC economics editor Faisal Islam to the South Killingholme plant as part of 海角视频 Petroleum Industry Association work on the subject, said: “It puts 海角视频 manufacturing at a competitive disadvantage. It is a negative headwind the industry doesn’t need. 海角视频 refining has been a pretty competitive industry. Over the years there have been closures and you look at the prospects going forward, with decarbonisation, the 海角视频 petroleum product demand is going to continue to decline.

Fuel issue: Representations continue to be made to government. (Image: PA)

“It is going to remain a competitive industry, and it is a global industry so we have to guard against anything that gives the 海角视频 a competitive disadvantage.”

“The 海角视频 is a net exporter of petrol products, it puts us at an immediate disadvantage. I don’t think it is what the government intended, it intended to protect the consumer. I believe the tools are there. Duty, the tax on 海角视频 fuel, is among the highest in Europe, and it could reduce duty if that’s the concern.”

The issue was first raised by Grimsby MP Melanie Onn in the House of Commons earlier this year, as she acted on concerns voiced by the South Humber bank’s other operator, Total Lindsey Oil Refinery.

Rotterdam, another strong refining cluster, could effectively export to the 海角视频 without additional charge, yet if British refineries want to send to Europe, they would be charged, effectively having to discount to compete.