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Consumers deserve more than a token reduction in fuel prices- Cllr Chris Andrews

21 January, 2016 - by Chris Andrews

Dublin Sinn Féin city councillor and general election candidate for Dublin Bay South, Chris Andrews has called on petrol retailers to cut their prices in order to accurately reflect the falling price of crude oil.

Cllr Andrews criticised fuel retailers for being slow to pass on the price reductions 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 by 31% this year, drivers would benefit hugely from more than a token reduction in petrol prices.

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

“Plus it needs to examine why there are such discrepancies in prices across the country.

“Home energy prices have also failed to substantially reflect the failing costs of raw materials.

“Minister White must ask energy suppliers what the holdup is passing reduced costs on to consumers.

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