Taoiseach warns of ‘price gouging’ as home heating oil surges after Iran strikes

Government orders energy market review as heating oil prices spike sharply following US-Israeli strikes on Iran

The Taoiseach was asked about reported increases in petrol and home heating oil costs.

Taoiseach Micheál Martin has said there is a “degree” of price gouging by fuel companies after home heating oil prices soared following US-Israeli strikes on Iran.

Mr Martin said both the Commission for Regulation of Utilities (CRU) and the Competition and Consumer Protection Commission (CCPC) should carefully monitor developments.