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No excuse for prices going up at the pumps
Taoiseach Micheál Martin said energy prices spiked to about €48 per kilowatt hour despite adequate North Sea supplies, warning against unfair pricing amid Middle East conflict.
- On Tuesday, Taoiseach Micheál Martin warned 'there is no excuse for prices going up at the pump yesterday or indeed anywhere' because much of Ireland's oil comes from the North Sea.
- Brent crude rose more than 4% as the US‑Israeli conflict with Iran fueled supply fears, while Neale Richmond said energy firms face extreme volatility after four days and urged CRU monitoring.
- Energy data show that energy prices hit about 48 euro per kilowatt hour on Monday, a very significant increase, while Peter Burke, Minister for Enterprise, noted solid growth despite instability last year.
- The Government of Ireland has asked regulators to examine the industry for unfair pricing, and he said he would raise the issue with Minister for Energy Darragh O'Brien and the Competition and Consumer Protection Commission.
- Opposition parties warned that if the conflict persists, the Government needs to be ready to take targeted measures to help the most vulnerable households, as very serious economic impacts loom, according to Martin.
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11 Articles
11 Articles
Coverage Details
Total News Sources11
Leaning Left5Leaning Right1Center2Last UpdatedBias Distribution63% Left
Bias Distribution
- 63% of the sources lean Left
63% Left
L 63%
C 25%
12%
Factuality
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