Mr. Martin McSorley:

The Chairman asked some questions and I would like to clear a few things up for him. Just because the wholesale price is one price that does not mean that every retailer buys at that wholesale price. An independent retailer has a supply deal with a wholesaler. I have seven sites. My supply deal would be nicer than somebody who has one site. They would pay much more for their fuel than I would, buying for seven sites.

The Chairman spoke about the price being very high on Monday. I bought fuel this morning. If I sell the fuel that I bought this morning without putting any margin on it, I would be selling it at €1.96 per litre. The Chairman asked how much people can hold. Three of my sites currently have stock that has been in the ground since 8 March. I have had to reduce my price so low that I am taking a 19 cent hit on that and I still cannot sell it.