Wednesday, 30 May 2012 11:56
‘Fuel prices are set to rise after it was announced yesterday that a refinery providing 20 per cent of the South East’s petrol is to be closed down, leading to the loss of up to 1,000 jobs.
The AA fears the closure of the Coryton refinery, in Essex, will lead to City speculators pushing up the wholesale price of refined fuels – meaning higher prices at the pumps.
The refinery was put into administration by its Swiss owner Petroplus in January, raising fears of fuel shortage after it halted all sales.’