Oil price increase applications
The Minister declined to disclose details of individual applications under the Prices Act, but confirmed two had been received in the previous two days. He could not say how long processing would take and disputed the claim that earlier applications had been handled overnight.
asked the Minister for Industry, Commerce and Energy if he has received applications from oil companies and petrol retailers for price increases; and, if so, (a) the amount of each increase sought and (b) the increased cost per gallon of motor oil entailed by such increases.
Comment on this
Since information in regard to individual applications, or products involved in such applications, must be treated as confidential, in accordance with section 25 of the Prices Act, 1958, it is not possible for me to give the information sought by the Deputy.
Comment on this
Would the Minister agree that a number of price increase applications were submitted to the National Prices Commission by the oil companies generally in recent weeks? Would the Minister confirm that much?
Comment on this
Under the section of the Act, as I understand it, one is precluded from even publicising the existence of an application, but I do not think any great harm would be done by my telling the Deputy that within the last two days two applications were received.
Comment on this
Can the Minister say how long the National Prices Commission will take to process those applications?
Comment on this
Is the Minister aware that in relation to previous applications they were dealt with practically overnight when it was required by him that they should be so dealt with?