Fuel retailers have been called to meet Enterprise Minister over concerns about sharp price rises.
We're being urged to report suspected overcharging at the petrol pumps.
Enterprise Minister and Mullingar's Peter Burke is calling in fuel retailers for a meeting tomorrow over concerns of price-gouging, after sharp increases since the military action began in Iran last weekend.
Anyone concerned about high prices of petrol, diesel or home-heating oil is asked to let the CCPC know.
However Kevin McPartlan - CEO of Fuels for Ireland - insists they're 'absolutely in line' with wholesale international prices.
Minister Peter Burke says “I am encouraging members of the pubic to contact the CCPC via ask@ccpc.ie or via their helpline at 01 402 5555 in relation to recent increases in home heating oil and fuel. I am assured by the CCPC that these complaints will be carefully and urgently assessed. Our consumer watchdog can avail of a range of powers to investigate and prosecute where clear breaches of the law are evident. The CCPC can impose fines of up €10 million in certain circumstances of breaches, or 10% of a company’s turnover. A confidential whistle-blowing service is also available for reports of suspected cartel behaviour."
The Longford Westmeath TD is also meeting industry representatives and suppliers in the energy market on Friday to discuss his concerns around the recent sharp increases in home heating oil and fuel prices, which do not appear to correspond with wholesale trends.
He says all businesses operating in this country must comply fully with the law, and the CCPC will be monitoring developments closely.
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