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Taoiseach warns of future fuel...

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Taoiseach warns of future fuel price increases

RedFM Sport
RedFM Sport

11:08 31 May 2022


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The Taoiseach has warned there will be rocky times ahead for fossil fuel prices as a result of new EU sanctions on Russian oil.

Last night the European Council agreed a deal that will cut imports of Russian oil by 90% by the end of the year.

Temporary exemptions have been made for pipeline crude oil to allow some countries to wean themselves off more slowly.

But Taoiseach Micheál Martin said the move will have impacts for consumers.

"it is a watershed moment in terms of fossil fuels in. general.

"It will make for fairly rocky territory for the next couple of years in terms of pricing around fossil fuels, we cannot get around that.

"On the other hand, what's clear from the presentation from the President of the Commission is that there is a need to double down on renewables."


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