Oil: Refineries
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment he has made of the potential impact of the closure of the Prax Lindsey oil refinery on the domestic price of (a) diesel, (b) aviation fuel, and (c) heating oil for off-grid homes.
Answered by Michael Shanks
The Government continually monitors fuel supplies across the country and has robust, tried and tested plans in place to ensure these supplies are maintained at all times. We continue to work closely with industry to monitor the situation.
The prices of fuel are influenced by (i) fluctuations in crude oil prices and (ii) refining margins, both of which are affected by global market conditions. We do not expect the closure of Prax Lindsey oil refinery to impact prices.
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