A new report by Oxford Economics for FuelsEurope examines the economic contribution of Europe’s fuel manufacturing and refining industry and the role it can play in Europe’s industrial transformation.
Europe’s fuel manufacturing and refining industry contributed €200 billion to EU GDP, more than €83 billion in tax revenues in 2025 and 1.8 million jobs, according to new research conducted by Oxford Economics for FuelsEurope.
The report, The Strategic Role of the EU Fuel Manufacturing and Refining Industry, looks at the sector’s direct economic contribution as well as its wider impact through European supply chains and employee spending. It also explores the industry’s connections with other sectors of the economy and its potential role in the transition towards renewable and low-carbon fuels. (....)