Sir, – I cannot understand the escalation of retail oil prices being attributed to the impact of sanctions being taken as a result of Russia’s invasion of Ukraine. The oil being sold to the public has been in storage in this country for months and was imported at much lower prices than current prices. The oil companies stand to make a huge profit from the current prices they are charging. – Yours, etc,
MICHAEL McCARTHY,
Portmarnock,
Co Dublin.
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Sir, – Overheard recently. “I don’t know what all the fuss is about increasing petrol prices. I usually put €20 in and this morning I still only put €20 in.”
Interesting economics. – Yours, etc,
DAVID CURRAN,
Knocknacarra,
Galway.