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:

We have not done a forecast of fuel costs for this year but we absolutely understand that there is a lot of inflationary pressure. Even before the war in Ukraine prices were rising. That has been exacerbated by the war. I cannot give a comment on the particular level of price rises or how long it has been since prices were at such a level. It is absolutely the case. The cost of living issues are significant for everyone in Ireland. Even before the war in Ukraine we had decided that one of the factors that would help us prioritise what to look at this year would be things that are important to cost of living. That has only been underlined by the war in Ukraine.