Coryton refinery
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Coryton refinery: 'Record' diesel price rise warning

There are warnings that fuel prices could go up in the south east of England because a Swiss company that owns an oil refinery in Essex has said it will file for insolvency.

Petroplus, which owns the refinery in Coryton, announced the move after failing to reach an agreement with creditors.

Brian Madderson, the chairman of RMI Petrol, which represents 4000 independent forecourts in the UK, said he expects a spike in prices as a result.

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