Ruairi Ó Murchú (Louth, Sinn Fein) | Oireachtas source

I will not take long, although nobody ever believes that when anyone says it.

The sector is obviously under severe pressure given where the industry is at the moment. We have had the wobble and the worries around supply but now we are down to price. This is all coming down to price. A number of other stakeholders were before the committee earlier. The idea that came out from there is that the supply is relatively secure, even though there is a reorientation around where the fuel is coming from. There is plenty of it, but nobody can guarantee the price. We all know where the Government is on this and the big ask is that the European Commission would come back with a positive result that allows us to move on the VAT rate.

Mr. Drennan has asked for two things, specifically, the diesel rebate scheme and the acceptance of diesel as being a necessity, even in the short to medium term.

Will Mr. Kavanagh go into a bit more detail on how exactly this fuel variation clause would look? Perhaps Mr. Kavanagh would lay this out for us and about how much we would be talking about, were it to be retrospective.