Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Kevin McPartlan:

The security of supply comes in two parts: whether we can get the fuel and then how much we have to pay for it. The Russian fuel that was coming into Europe is now being diverted. It is going to India, China and other countries. We are now having to reroute or to find new routes to bring fuel into this country. That means increased prices and increased costs to us. Shipping from the Middle East, for example, is more expensive than bringing products through from Russia, whereby they are dropped off in Rotterdam or the UK first. That supply chain is settling into a new pattern now. We are not quite there but we will get there and we will have security of supply in being able to get product. We have to recognise, however, that this product is likely to cost us more than it used to cost us.

Comments

No comments

Log in or join to post a public comment.