We use Google Analytics to see which pages are read and how the site is used, so we know what to improve. This only runs if you accept. See our privacy notice for details.

Dáil
‹ Ceisteanna—Questions. Oral Answers. - Petrol Prices.

Loading crude oil costs onto petrol prices

Summary

Bruton said the historical loading on petrol prices had been reduced and current prices contain no significant loading; he would decide on the Commission’s recommendations soon. Members briefly exchanged remarks about the questions’ authors.

andMr. Molony asked the Minister for Industry, Trade, Commerce and Tourism whether he believes that the present system of loading petrol prices with a disproportionate share of the cost of crude oil is satisfactory; and if he will make a statement on the matter.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

The practice referred to by the Deputies was followed some years ago with the objective of shielding industry from the full effects of rising oil prices. In revisions made to the maximum prices orders since 1982, the opportunity was taken to reduce gradually the element of loading on petrol prices which had been built up over a period and current selling prices for petrol do not include any significant element of loading.

Comment on this

Is the Minister aware that at least one of the major oil companies operating in Ireland made strong recommendations to the National Prices Commission that this practice should be discontinued because it is regarded as inefficient?

Comment on this
John Bruton Mr. J. Bruton Fine Gael

This matter is dealt with in the recommendations of the National Prices Commission. I will be deciding on it in the near future.

Comment on this

Is there any reason why these two Deputies should have put their names to all these questions like Mickey Mouse?

Comment on this

Like Tom and Jerry.

Comment on this

In the absence of a proper Opposition, questions have to come from somewhere.

Comment on this
Thomas J. Fitzpatrick An Ceann Comhairle Fine Gael

There is some doubt as to whether Mickey Mouse is a parliamentary creature.

Comment on this

He has featured here on more than one occasion.

Comment on this
John Bruton Mr. J. Bruton Fine Gael

A Cheann Comhairle, you will have to rule on that.

18.

Comment on this