Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Fuel Costs: Competition and Consumer Protection Commission

Mr. Brian McHugh:

When we get a merger as we do regularly in this market, we look at the market in terms of the merger and where there were any issues with that merger in terms of substantial lessening of competition. We do not regularly audit markets, we do not audit the fuel market on a regular basis. When we get complaints, as we have here, we have powers in terms of requesting information and they are quite strong. Therefore it is not a big problem that we do not audit markets to collect information. When we happen to do an investigation, we can collect that information and look at it that way so there is no need for us to audit markets, the fuel market or any other, on a regular basis to have that information.

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