Oil price reductions for consumers
The Government has no plans to increase taxes on petroleum products. The Minister for Industry and Commerce is discussing pump prices with the trade and surveying prices; monitoring is his responsibility.
asked the Minister for Finance whether it is the Government's intention to allow the current reduction in the oil prices to be passed on in full to the consumer; and if he will make a statement on the matter.
Comment on this
I assume the Deputy is inquiring about the Government's intentions regarding taxation on petroleum products. The Government have no plans at this time to increase taxes on oil products.
I am sure that the Deputy is aware of the concern expressed by the Minister for Industry and Commerce about the price of petrol at the pumps. That Minister has had discussions with the trade about this matter and he is having a survey of petrol prices carried out to determine if the desired result has been achieved.
Comment on this
Could the Minister indicate how he proposes to monitor this situation and ensure that the price reduction will be passed on to the consumer?