Oireachtas Joint and Select Committees
Wednesday, 23 March 2022
Joint Oireachtas Committee on Transport, Tourism and Sport
Fuel Prices: Discussion
Gerry Horkan (Fianna Fail) | Oireachtas source
We will be watching the Cathaoirleach's five minutes too.
I thank all our guests for being here. They are all under enormous pressure and we can see that in their opening statements. No business can sustain these levels of price increases. One of the questions I have, which applies to all the sectors, concerns fuel as a percentage of the cost base. What is it and what are the margins generally? I do not want the operators giving away massive commercial secrets but the margins here are quite tight. In Mr. Kavanagh's case, what would fuel generally be as a percentage of his total costs? What would the margins generally be? Are we facing situations with many operators where what were profitable scenarios are becoming loss-making all over the place?
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