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Concerns raised as home heating oil prices not falling alongside motor fuel

Aug 4, 2022 09:36 By Shannonside News
Concerns raised as home heating oil prices not falling alongside motor fuel
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Energy and fuel companies are being heavily criticised for posting record profits so far this year.

Questions are being asked about why home heating oil is not reducing at the same rate as motor fuel.

Motorists here have seen petrol and diesel fall to just under 2 euro a litre in recent weeks as international supplies increase.

The Secretary General of the United Nations says energy firms are 'immoral' for profiteering, partly on the back of war.

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But Dermot Jewell of the Consumers Association says urgent Government action is needed on profiteering and price transparency.

It makes sense that government steps in now.

That they make it clear that prices must be transferred and that they must address inflation.

More to the point they must reduce in line and in tandem with all fuel prices now.

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