Munster IFA chair says oil price reduction not being passed onto consumers

A farming organisation leader from Kerry has called on the energy regulator to ensure that farmers and business people benefit from a significant reduction in oil prices. oil platform There has been a 60 percent drop in the price of the barrel of oil over the past year but the Irish Farmers’ Association says this is not being passed onto consumers. The Commission for Energy Regulation says that it no longer regulates energy companies on prices, as the market has been fully deregulated since last year. However, IFA Munster chairman, James McCarthy from Currow, says the regulator and the government have a role to play. He says competition in the market does not seem to be benefitting consumers: [audio_player src=””]