A no deal Brexit is not a death threat to UK refiners

There have been various statements regarding the effects a no deal Brexit will have on the UK refining industry and product trade. The UK government plan to remove the tariff on gasoline imports, which under World Trade Organisation (WTO) rules, would mean the removal applies to all gasoline imports, regardless of country of origin. Meanwhile, UK refineries would receive less for their gasoline exports, with this being taxed at the approximate rate of 5%.