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Finance Minister Jack Chambers Alamy Stock Photo

Jack Chambers says Government would intervene if petrol prices reach 2022 levels

For the moment, however, Chambers does not intend to take measures to reduce fuel prices.

FINANCE MINISTER JACK Chambers has said the Government would intervene to control petrol and diesel prices if they rise to the levels seen in 2022, when then-Finance Minister Paschal Donohoe introduced a temporary cut to excise duties on the fuels. 

Chambers was today announcing the official establishment of two funds aimed at safeguarding public finances into the future – the Future Ireland Fund and the Infrastructure, Climate and Nature Fund. Both funds were created by Chambers’ predecessor Michael McGrath and Public Expenditure Minister Paschal Donohoe

On petrol and diesel prices, Chambers was asked if he would intervene as Donohoe had done and he said his department would be keeping the matter “under review” due to volatility in the global oil market, which he said “could disrupt the pricing dynamics domestically”.

“If there’s a serious disruption to that, which affects the price at the pump, we’ve intervened in the past and we’ll intervene again, and it’s a matter we’ll keep under review,” Chambers said. In 2022, petrol and diesel prices were up to around 2 euro per litre. 

For the moment, however, Chambers does not intend to take measures to reduce fuel prices, which increased at midnight last night. That increase of 4c per litre on petrol and 3c per litre on diesel was met with anger and criticism from opposition politicians.

“If the price at the pump reflects what happened two years ago, I think the government would have to intervene again, to support families and businesses who are reliant on petrol and diesel in their daily lives,” he said.

“But presently, we’ve reasonable stability over the last number of months.

“We’ll obviously continue to monitor prices, and indeed, the global dynamics of pricing and see how that impacts on domestic pricing.”

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56 Comments
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    Mute Gerard Carey
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    Aug 1st 2024, 3:37 PM

    Gotta keep the Taxes rolling in to pay for all the insanity that’s going on in this country.
    428 on accommodation bills in the first 3 months of the year.
    Word is out in Jordan as well that Ireland is an easy touch,hence the skyrocketing numbers arriving from there. There will be no end to this until this Government grow a pair and start getting tough. And I can’t see that happening any time soon.

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    Mute 9QRixo8H
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    Aug 1st 2024, 3:40 PM

    They represent the majority of voters, 52% to be exact. They don’t represent the 0.9%. Not happy then leave!!!

    45
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    Mute David Galvin
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    Aug 1st 2024, 3:42 PM

    @Gerard Carey: there’s such a thing as international law, responsibilities and UN charters that oblige us to care for everyone who lands in these shores. Most of whom are a lot worse off than you.

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    Mute 9QRixo8H
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    Aug 1st 2024, 3:46 PM

    @Alan B: it’s okay with the 99.1% of us, yes, as we are not racist.

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    Mute Gerard Carey
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    Aug 1st 2024, 3:50 PM

    @9QRixo8H: Buttercut making up scutter again.

    142
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    Mute Matt D
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    Aug 1st 2024, 4:03 PM

    @9QRixo8H: making up nonsense again.

    133
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    Mute The Firestarter
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    Aug 1st 2024, 4:03 PM

    @9QRixo8H: No it’s not okay with most of us, where in god’s name did you come up with a figure of 99.1%?

    173
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    Mute 9QRixo8H
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    Aug 1st 2024, 4:06 PM

    @The Firestarter: Results of the very recent local elections. All the far-right parties COMBINED couldn’t even get to 1% in votes.

    20
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    Mute Alex
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    Aug 1st 2024, 4:22 PM

    @9QRixo8H: Again, you show your misunderstanding of this statistic. People voted for local elections to local councillor, usually the same people who are active in the community.
    Local elections doesn’t reflect the “people” otherwise SF would have had better numbers. 100% sure it will be way higher than that. Also the majority of people in Ireland do NOT want illegals flooding the country. Maybe you like high crime and uneducated people but most don’t.

    165
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    Mute Alex
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    Aug 1st 2024, 4:23 PM

    @9QRixo8H: Not wanting illegals isn’t being far right, it’s being realistic. I don’t vote far right but still don’t want them. Your usual rambling makes no sense.

    166
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    Mute Kevin Kerr
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    Aug 1st 2024, 4:23 PM

    @Gerard Carey: Word is out in Jordan? Any evidence to support this?

    21
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    Mute Kevin Kerr
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    Aug 1st 2024, 4:24 PM

    @Alan B: Countries with 100’s of millions of people see Ireland as an easy touch? Any evidence to support this claim?

    19
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    Mute 9QRixo8H
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    Aug 1st 2024, 4:29 PM

    @Alex: That’s some mental gymnastics!!! If people didn’t want a certain skin type coming into their LOCAL communities, then the far right would have gotten more than 0.9% in the LOCAL elections. Fact is, you can’t speak for a “majority” if you couldn’t even get one percent of votes!!!! 0.9% is not a majority!!!!!!!!!!!!!!!!!!!!!!!!

    13
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    Mute ruairi colton
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    Aug 1st 2024, 4:37 PM

    @9QRixo8H: Are you counting the dozens of anti immigration independents who got elected all over the country, the actual right wing parties and also independent Ireland and even aontu would have right leaning policies on immigration. I’m sure it comes to much more than 1%

    77
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    Mute kevin rock
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    Aug 1st 2024, 4:47 PM

    @9QRixo8H: Jesus ! Is he not allowed voice him opinion?

    40
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    Mute brian madden
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    Aug 1st 2024, 5:06 PM

    @The Firestarter: no it’s not ok. I’ve never voted far right nor would I. But I’m not happy with all this immigration as we don’t have enoughht services.

    92
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    Mute 9QRixo8H
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    Aug 1st 2024, 5:25 PM

    @ruairi Colton: Is someone upset that their klan got 0.9%? Those others are multi-issue parties, people vote for them for a myriad of issues.

    6
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    Mute 9QRixo8H
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    Aug 1st 2024, 5:25 PM

    @kevin rock: no because you don’t get to say “that person cannot buy a house in this community because of their skin colour or where their from or their nationality”

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    Mute Gerard Carey
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    Aug 1st 2024, 5:34 PM

    @SYaxJ2Ts: Try and keep up.

    25
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    Mute 9QRixo8H
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    Aug 1st 2024, 5:42 PM

    @Gerard Carey: Bet you don’t ask for a native doctor do ya

    10
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    Mute Kevin Kerr
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    Aug 1st 2024, 5:53 PM

    @Gerard Carey: As I thought, no evidence at all, just relying on bias and prejudice

    9
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    Mute donal finn
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    Aug 1st 2024, 5:55 PM

    @David Galvin: May God help us,with your attitude. I see you are easily taken in?

    9
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    Mute Mr “JonnieBoy” Johnson
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    Aug 1st 2024, 6:04 PM

    @9QRixo8H: Do your parents know your commenting wee fella?

    37
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    Mute Alan
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    Aug 1st 2024, 6:14 PM

    @Alex: how many city centre j.nkies are asylum seekers?

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    Mute Gerard Carey
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    Aug 1st 2024, 6:24 PM

    @SYaxJ2Ts: if you care to educate yourself with the latest arrival figures you will have the answer to your question.
    It’s not that hard Kevin.

    32
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    Mute Colette Byrne
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    Aug 1st 2024, 6:32 PM

    @Alan B: is 100s of millions not billions, just saying.

    4
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    Mute Alex
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    Aug 1st 2024, 6:50 PM

    @Alan: If the state didn’t spend billions into useless “asylum” seekers, they would certainly provide adequate facilities to treat addiction.
    Your fallacy is pathetic.

    27
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    Mute Alex
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    Aug 1st 2024, 6:51 PM

    @9QRixo8H: You are doing some mental gymnastics not me. You are assuming that people who do not want illegals are far right when they aren’t.
    You are clearly not educated enough to understand the basis in politics.

    41
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    Mute Alex
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    Aug 1st 2024, 6:53 PM

    @9QRixo8H: and again, it has nothing to do with skin colours but how people end up here. Boat people, even if a majority come from Middle East and Africa aren’t exclusively brown or black. Another uneducated comment.

    34
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    Mute Alex
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    Aug 1st 2024, 6:56 PM

    @9QRixo8H: The problem with boat people is that they provide nothing useful to our society. The majority of them have no education and will be a burden to everyone. Educated people who benefit this country arrive here legally to work. I have plenty of Indian neighbours who are productive and not illegals leeches and I am happy. Doctors, nurses, IT specialists… boat people are useless at best, they don’t speak English for many of them, they have no useful skills and will just wait for an accommodation and money.

    48
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    Mute Kevin Kerr
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    Aug 1st 2024, 7:30 PM

    @Gerard Carey: Pathetic. An increase in asylum seeker numbers from Jordan doesn’t mean that “the word is out”, rather it reflects the refugee crisis from the war in Gaza. So, as I said, bias and prejudice, with a condescending attitude on top. You need to educate yourself

    6
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    Mute Maire Hicks
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    Aug 1st 2024, 7:55 PM

    @SYaxJ2Ts: Tents all over the place isn’t evidence enough for you, ffs what is wrong with people the country is on her knees, we can’t look after the people here,hse is in bits, housing etc etc and etc, but yes of course let’s keep the door open and let everyone in because we’re not racist, that’s your answer? What has the colour of skin got to do with doing what is right for the country?

    41
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    Mute Alan
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    Aug 1st 2024, 7:59 PM

    @Alex: so this city centre phenomenon has only just occurred after a rise in asylum seekers lol do you actually live in Ireland (serious question)?

    4
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    Mute Paddy C
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    Aug 1st 2024, 8:49 PM

    @Gerard Carey: how dare you that’s racist! No matter whether you’re facts and figures are 100% right you’re not allowed free speech unless you’re not irish anyway. Roderic has just informed us coolock and tipperary sites will proceed now regardless which is like a f u to the people who protested which is similar to a dictatorship. And before some clown says that’s nonsense if months of protests are ignored and you more or less spit on people walk over them and proceed with you’re plans without listening to theyre concerns that’s what it is. People have a right to at least talk and consult with those who plant large numbers in there areas with no background checks done basic common sense but not to those in power once they don’t live near it that’s all that matters.

    30
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    Mute Jb Walshe
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    Aug 1st 2024, 10:03 PM

    @SYaxJ2Ts: it’s you who needs to educate yourself

    10
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    Mute Paddy C
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    Aug 1st 2024, 10:40 PM

    @Alex: I’m sure he’ll change his tune when they’re tent is outside his garden. Garbage and excretment on the grass and pavement with no access to facilities. A kind of normal thinking for roderic o gorman and the likes let the bath fill and when it overflows ask why? Instead of thinking first and seeing is the facilities and amenities necessary there? No plant them in coolook and tipperary and sod the locals and if crimes start keep it quiet then say lessons learned when something serious happens.

    14
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    Mute Carl Campbell
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    Aug 2nd 2024, 9:26 AM

    @9QRixo8H: No its not ok. The vast majority are against it but afraid to speak out for fear snowflakes like you will call them racist.

    4
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    Mute James Casey
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    Aug 2nd 2024, 12:00 PM

    @9QRixo8H: you’re a bit of a flake

    2
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    Mute Joe Kelly
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    Aug 3rd 2024, 2:20 PM

    @Alex: governments hav never shown any interest in helping people with an addiction. This problem has been around much longer the asylum seekers.

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    Mute Joe Kelly
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    Aug 3rd 2024, 2:22 PM

    @Alex: bigot.

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    Mute Robert O Keeffe
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    Aug 1st 2024, 4:29 PM

    Intervention if we go back to 2022 prices.? The price now is horrendous. No need to wait. The general public are on their knees.

    205
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    Mute Athena
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    Aug 1st 2024, 4:16 PM

    Just add to that the hikes in electricity from October …

    153
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    Mute 9QRixo8H
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    Aug 1st 2024, 3:38 PM

    Did he not come out as a woke person recently?

    93
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    Mute Dave C
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    Aug 1st 2024, 4:39 PM

    @9QRixo8H: I’m a woke person, I woke up this morning, give me the money please.

    47
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    Mute donal O'brien
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    Aug 1st 2024, 6:55 PM

    @9QRixo8H: no
    He came out as a homosexual gentleman, which is a completely different thing.

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    Mute Hector turtlehead
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    Aug 2nd 2024, 12:12 AM

    @donal O’brien: are you sure about the gentlemen bit?

    15
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    Mute George Vladisavljevic
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    Aug 1st 2024, 6:26 PM

    I would like to ask him how much he spends (out of his own pocket|) on fuel going to and from work.

    83
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    Mute did you every wonder
    Favourite did you every wonder
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    Aug 2nd 2024, 6:47 AM

    @George Vladisavljevic: that TD expense culture needs to go. They are paid more than enough already. I don’t see the opposition parties bring that up either.

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    Mute he didnt take the 120k because he already got it s
    Favourite he didnt take the 120k because he already got it s
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    Aug 1st 2024, 8:30 PM

    Petrol was only meant to rise by 4cent but it went up by 7cent

    36
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    Mute Thesaltyurchin
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    Aug 1st 2024, 6:52 PM

    “volatility in the global oil market” lmao

    39
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    Mute SV3tN8M4
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    Aug 2nd 2024, 1:10 AM

    He will do as they have done all along & geneflect the knee when Eamon Ryan tells them to do so. The Greens dictating & destroying the country & Fianna Fail & Fine Gael enabling them just to stay in power. Micheal Martin & Leo Varadkar were brown noding Ryan fo years now just to stay in power.

    26
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    Mute Paddy Short
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    Aug 1st 2024, 8:20 PM

    Good for you, Chambers, GFY.

    21
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    Mute I Am
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    Aug 2nd 2024, 9:37 AM

    Puts on 500 euro suit, clock.in…do a few hours 500 quid in pocket. Chauffeured driven home. Done. Ah the life.

    13
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    Mute Hector turtlehead
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    Aug 2nd 2024, 12:10 AM

    He’s like the head prefect.

    11
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