Fuel prices at petrol stations and for home-heating oil deliveries have surged since the US and Israel began strikes on Iran. A meeting of the Government’s Oil Security of Supply Group took place earlier this week and no immediate concerns regarding the availability of fuel for the Irish market were raised. Ireland will contribute 1.6 million barrels as part of the initiative – about 10 per cent of the State’s strategic oil reserves. “[It met] to collate information from the oil industry on the supply situation as it pertains to local markets,” he said in a statement. Minister of State Michael Healy-Rae on Thursday raised concerns about the impact of rising fuel prices on households and businesses.

Source: The Irish Times March 13, 2026 09:00 UTC