Eamon Ryan (Dublin Bay South, Green Party) | Oireachtas source

We are not just in daily contact but in morning, afternoon and evening contact with the fuel supply industry because we have a supply issue as well as a price issue that we have to manage and we will be able to do that. The Competition and Consumer Protection Commission will look to make sure with a laser focus that all the proper approaches were taken and that there was not price gouging. It is very complicated because different forecourts have different circumstances. The excise duty applies when the fuel leaves the depot, be it in Dublin, Whitegate, Derry, Shannon, or Galway, not when it is sold at the pump. The relevant excise rate varies depending on when the fuel was purchased and the gap in time. It is also complicated because, as I said earlier, the price on the wholesale market, which tends to have a two- or three-day lag from the retail price, went up €22 on Tuesday and came down by a similar amount on Wednesday.

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