Dáil debates

Wednesday, 22 February 2023

Ceisteanna ó Cheannairí - Leaders' Questions

 

12:42 pm

Photo of Leo VaradkarLeo Varadkar (Dublin West, Fine Gael) | Oireachtas source

-----but perhaps not to all parts of Europe. One will see what the price is in the Netherlands, Denmark or Germany.

This is absolutely driven by international factors and we are price-takers in that regard. Tax is an element of it and we have taxes for a reason. They pay for education, healthcare, pensions, housing and all of those things we need. That is why we have taxes.

When one looks at the price of a barrel of oil, for example, one needs to bear in mind currency movements. Oil tends to priced in dollars. Sometimes North Sea Brent crude is priced in sterling. If the euro is weaker than other currencies, that also impacts on it. One cannot just look at the price of oil-----

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