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Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: That is what has gone on around the country. I am a contractor. I buy a fair bit of diesel and I know what went on.

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: I have explained that on the morning I did Leaders' Questions, which were replied to by the Tánaiste, the prices were €1.30 and €1.25. The prices then increased to €1.40 and €1.35. That evening I was in Mullingar at meeting of plant contractors. The prices increased that evening and the following morning. The Chair can Google it on his phone and get the...

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Yes, I know that but there are companies that store the fuel for NORA. Is that right?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Is it true that there was a sale of part of the portfolio somewhere in Ringsend to an English company? Is that right?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: On petrol, when I was knee-high to a grasshopper, there was always a ten cent difference between the price of diesel and petrol. While Mr. McPartlan was talking I googled the number of diesel cars in Europe which has reduced since 2016. I also looked up the number of petrol cars but there does not seem to be much of a variation in the number of petrol cars. Mr. McPartlan spoke about...

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Let us look at the percentages, with all due respect. What percentage of oil was coming into Europe from Russia in comparison to the Middle East, for example?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: It was 4%.

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: It is my understanding that it was 4%.

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: My understanding is that the EU stated that it would not block Russian imports. Why did Mr. McPartlan say that we were stopping them?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: If the EU would not do it, why would fuel companies decide to do it? The EU decided, for security of fuel supply in every country, that it would not ban Russian fuel imports but would, down the road, try to move away from them. Why, in that context, have fuel companies taken that decision? The EU decided, for the betterment of its people, not to do it. It would ban Russian fuel imports if...

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Before it was reduced, the duty difference between white and green diesel was something like 65 cent. Is that correct? It was either 65 cent or 67 cent and it came down by 15 cent. Why, for the week or two of price craziness, did it come to within 20 cent and 25 cent? Why were people quoted €1,000 for 500 litres of home heating oil when they could buy white diesel for that? Why...

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: If Mr. McPartlan could answer the question on the green diesel and kerosene, I would be much obliged because I am at a loss as to what happened there.

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Chairman, with all due respect, we need answers. There was always a 65 cent difference, no matter what-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: No, I am not. I am talking about all companies. This is not new news. This was right around Ireland-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Wait one second. I have outlined another scenario that happened in Ireland during that crazy two weeks. First, as Mr. McPartlan said earlier, supplies were rationed. In the first week, the drivers of lorries were told that the price would be €800 to €830 for kerosene for home heating. That went up to €1,000 for 500 litres, which is €2 per litre. Green diesel...

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: I am not saying that it was. I am talking about the 65 cent difference that should always be there. At €2, if one adds 65 cent, then it should be €2.65 but it never went above €2.25. There is something wrong-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: It is excise. That is the difference between white diesel and green diesel. Is that not right?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: It could not be reflective of that because Mr. McPartlan said earlier that NORA released it at the market price-----

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: I ask the witnesses to give me some quick-fire answers back. Mr. Kenny spoke about hydrogen. When is it coming?

Joint Oireachtas Committee on Transport, Tourism and Sport: Fuel Prices: Discussion (23 Mar 2022)

Michael Fitzmaurice: Let us call a spade a spade. A bus with hydrogen costs €800,000. I went through the -----

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