Oireachtas Joint and Select Committees

Wednesday, 23 March 2022

Joint Oireachtas Committee on Jobs, Enterprise and Innovation

Fuel Costs: Competition and Consumer Protection Commission

Photo of Garret AhearnGarret Ahearn (Fine Gael) | Oireachtas source

Does the commission expect the price of fuel to keep increasing throughout the year? Deputy Bruton was talking about the average price at the moment for Ireland. I randomly picked a day after the Government had put in the 15 cent cut in fuel prices. Our average for that day was €1.85 while the European average was €1.86 and the world average fuel price was €1.05. The European average price of fuel is way higher than the rest of the world. Is there a reason for that in Mr. Godfrey's view? When we look at some other countries, Germany was up at €2.31 per litre. Is it possible that we could get to levels like that this year?

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