Oireachtas Joint and Select Committees

Wednesday, 20 January 2016

Joint Oireachtas Committee on Transport and Communications

Bus Services: Bus Éireann and the National Transport Authority

11:20 am

Mr. Martin Nolan:

Thank you. In response to the question of fuel, we buy 12 months hence. The price of the market is now 99 cent but the price forward is much higher than that at present. We look at that all the time. If we get a reduction in our costs, we feed that into the system. With a price of 99 cent or €1, people are more inclined to use their cars. If the cost has reduced from €1.50 to €1, the revenue potential is a little bit lower, so it is back to giving the bus an advantage over the car, so that we can all move forward.