Oireachtas Joint and Select Committees

Wednesday, 14 September 2022

Committee on Budgetary Oversight

Updated Economic and Fiscal Position in Advance of Budget 2023: Discussion (Resumed)

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael) | Oireachtas source

I will give consideration to the point the Deputy raised. I know it is a matter in which he is interested. It is the case that some parts of the economy and some firms are doing well and are in a position to support their employees. We will give consideration to the Deputy's point.

There has been a moderation of our worst fears about diesel and petrol prices but even in the €1.80 to €1.90 bracket, they are still higher than they were before the economic effects of the war began to be felt at the pump. I have not made a decision with the Government on the extension of those particular measures. The Minister for Public Expenditure and Reform and I are discussing these matters with our party leaders and we will draw that discussion to a close in a couple of weeks. However, I make the point that even though fuel prices are lower than what we feared would be the peak, they are still significantly higher than the more normal price people were used to paying at the pump in the early part of this year.

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