Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Eugene Drennan:

We put forward five proposals. It is done on a mathematical equation. If one changes the multiplier by 0.3 up along, by 0.9 one really gets to the rebate. At 0.6 it is in between, or whichever way it wants to add it. Alternatively, it could sell us fuel at the same rate as agricultural diesel to get through this, at €1.10. Alternatively, we take the cost up to whatever figure we get to and above that, the State would take all of it until this settles. There are three equations in the multiplier. We put all of the scenarios to the Ministers for Transport and Finance. I must acknowledge the Minister for Finance and the 15 cent rebate but that is within this fiscal period up to the next budget. It is not there for us after that. People mix us up with all the cars and the totality of fuel consumed and the carbon emissions. We are a separate sector and an essential supply chain sector, As an island, the one thing that the EU has never been told by us is the fact of our island status. The EU understands that Ireland is an island and they understand that we are far away from the markets. The EU also understands that we need supports, but they do not understand that-----

Comments

No comments

Log in or join to post a public comment.