Strange: Fuel Prices Not Passed On As Quickly When Oil Prices Fall

A MYSTERIOUS phenomenon which saw fuel prices rise in real time following the outbreak of war in Iran appears to have dissipated overnight, despite an excise duty cut being implemented directly by the Government.

“Obviously we have backup stock to get through from when we bought fuel at the higher prices,” fuel companies explained, the same companies who previously insisted price increases had to be passed on immediately when the conflict began last month. “The reductions are stuck in traffic, yeah that’s it. Many of us also can’t seem to find the lower price button. Technical difficulties.”

The miraculous slowdown between oil price and pump price, compared with the lightning speed witnessed when the war first broke out, was strangely not mirrored this morning after the Dáil voted to approve new measures as part of a €250 million Government support package aimed at offsetting soaring fuel costs caused by the escalating crisis in the Middle East.

“It’s a very complicated industry and might require too much explaining to you simpletons,” said a spokesgouger for Fuels for Ireland, doing his best not to sound smug or condescending. “All those local home heating oil companies will have to make their few pound first before everything stabilises again. You know how the ruthless nature of our industry operates at this stage. The morals just kind of trickle down from the very top dogs of the oil world. It’s not our fault.”

Experts say motorists should begin to notice the reductions just in time before the next global oil-based conflict kicks off.

Support an independent, ad-free publisher by buying yourself something nice in our shop HERE