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. Jeremy Godfrey:

Our mandate is to make sure the prices are set independently so the ten-year prison sentences would be for cartels. If companies get together and agree what the price is going to be on something, that is a very serious criminal offence and when we have evidence, we will prosecute or investigate and ask the DPP to prosecute those offences. However, businesses are free to set prices where they like. It is up to them to set their prices and it is up to us to make sure that the prices are set in a competitive market.