Global oil prices rose sharply after Iran's response to US and Israeli airstrikes disrupted shipping, with diesel and petrol prices up by 48 per cent and 15 per cent respectively. Earlier this week Burke asked the Competition and Consumer Protection Commission (CCPC) to investigate claims of price gouging. He also arranged a meeting with fuel industry representatives, which took place on Friday. The corresponding increases for diesel and petrol were 48 per cent and 15 per cent respectively McPartlan said. Sinn Féin’s Finance spokesman Pearse Doherty claimed the meeting between Burke and fuel industry representatives “looks increasingly like a pointless exercise in political theatre”.

Source: The Irish Times March 07, 2026 10:06 UTC