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Dáil Éireann debate -
Wednesday, 29 Oct 1980

Vol. 323 No. 6

Ceisteanna—Questions . Oral Answers . - Petrol Profit .

16.

asked the Minister for Industry, Commerce and Tourism the average profit in pence on a gallon of petrol.

: It is unclear whether the Deputy is referring to the oil companies' profit margin or the retailers' profit margin on a gallon of petrol. Because of a number of factors, including the different sources of supply, the methods of transportation, the yields from different crude oils, the different products in which the companies trade and the effects of exchange rates on costs, I am not in a position to estimate the average profit to the oil companies on a gallon of petrol. The average retailers' gross profit margin on a gallon of petrol is 9.72p excluding VAT.

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