Dáil Éireann Debate, Tuesday - 14 April 2026
507. Deputy Peadar Tóibín asked the Minister for Climate, Energy and the Environment if he has sought an Oil Emergency Plan as outlined in the Oil Emergency Contingency and Transfer of Renewable Transport Fuels Functions Act 2023 or sought to utilise powers under the Fuels (Control of Supplies) Act 1971 in response to the current cost of fuel crisis. [26420/26]
Amharc ar fhreagraThe war in the Middle East has had a significant impact on global oil markets. Global supply has been severely impacted, and prices have been extremely volatile.
My Department is proactively monitoring supply in line with the Oil Emergency Response Plan (OERP). This plan provides the basis of Ireland’s response, and provides the Minister with substantial legal powers to secure and protect supply if necessary.
The Plan and underpinning legislation and structures have been substantially enhanced and updated following the 2022 Russian invasion of Ukraine, building on the strong foundations that were in place. As a result, Ireland is much better prepared to manage any emerging fuel shortage that might arise from the conflict in Iran
In addition, the National Oil Reserve Agency (NORA) manages the State’s strategic oil reserve. Ireland holds 90 days’ supply of stocks of oil, in line with its international commitments. The NORA reserves provide a robust strategic buffer to protect Ireland in the event of severe and prolonged escalation.
On 11 March, Ireland agreed to participate in an IEA release of international strategic oil reserves to address supply issues resulting from the conflict. Participation in the IEA collective action reflects Ireland’s shared commitment to maintaining stability in global energy markets and protecting consumers and businesses from the worst effects of price volatility.
I have not sought to utilise powers under the Fuels (Control of Supplies) Act 1971 in response to the current cost of fuel crisis.
