Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Photo of Michael FitzmauriceMichael Fitzmaurice (Roscommon-Galway, Independent) | Oireachtas source

If the EU would not do it, why would fuel companies decide to do it? The EU decided, for security of fuel supply in every country, that it would not ban Russian fuel imports but would, down the road, try to move away from them. Why, in that context, have fuel companies taken that decision? The EU decided, for the betterment of its people, not to do it. It would ban Russian fuel imports if it could, in my opinion, but inflation is going to beat us.

We already have contracts in place with countries in the Middle East to import oil. Why is it so difficult to find new markets or new sources of oil? Markets already exist from which we can source oil.

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