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Falling fuel prices must be passed on to consumers at the pump- Chris Andrews

26 August, 2015 - by Chris Andrews


Dublin Sinn Féin city councillor Chris Andrews has called on petrol retailers to immediately begin cutting their prices in order to reflect the falling price of crude oil.

Speaking today Cllr Andrews criticised fuel retailers for failing to pass on the cost to consumers at the pumps.

“Crude oil prices are at a six year low yet retailers are not passing this benefit on to consumers.

“According to the AA the average cost of running a family car for a year is €10,593.60, with insurance costs rising exponentially, drivers would benefit hugely from more than a token reduction in petrol prices.

“The Competition and Consumer Protection Commission should now commence and investigation and examine why retailers are not passing on these cost reductions to consumers.

“Additionally will there be a substantial reduction in the cost of home heating oil?

“This would be most welcome as the autumn approaches and families look to budget for heating costs.”

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