Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Transport, Tourism and Sport

Fuel Prices: Discussion

Mr. Eugene Drennan:

The issue is that though there are many names out there, there are only five or six full importers of oil. The others are subagents of them, under another name, on a quota or whatever way they do business. Given that restriction, it is like anything on an island, as we have seen many times before. We are open to people knowing exactly what price can be got. I think consumer affairs are watching that well but we are open to it.

On the supply line, we saw a little bit of named suppliers of fuel keeping their forecourt going ahead of supplying hauliers on a tight margin on a few occasions last week and the week before. They did not get their full supply, were being watched on their quota and were barely getting by with enough. That eased this week but I brought it to NORA and Kevin McPartlan will be aware of it from me as well. We worked on it together but it went tight and was a little bit impaired at the end of the week before last and-----

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