Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Kevin McPartlan:

To go back to Deputy Fitzmaurice's question as to why individual companies have made that decision, many have done so on the basis of consumer sentiment. People do not want to support Russia and they want to show solidarity with Ukraine. Individual companies are also taking that approach off their own bat, not just in response to consumer sentiment.

On the question of whether there are other markets from which we can get product, the answer is Yes. That is the change that is happening now. That has already begun to happen. As I mentioned, Russia is in a market of its own right now. It is selling to people who are prepared to deal with it. As members will have seen at the weekend, there was a massive order of Russian oil from India so the fuel which was going into India is now available on global markets. We are looking at bringing that into this country. However, that does sometimes mean further shipping.

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