We constantly monitor heating oil prices across the UK to bring you the best offers from our suppliers.
Domestic Heating oil prices are primarily determined by a combination of demand and global oil prices. Historically, prices have always risen during the last three months of the year because users order for the approaching winter, increasing short-term demand. Prices will then drop off again as the summer months approach.
The average price for heating oil we have displayed during today, Monday 18 February is 47.50 ppl
There will be variations above and below this price depending on your location, which will be reflected in your personal quote price.
Local prices for heating oil vary throughout the UK. This is due to global price fluctuations brought about by climate or political events, and local variations which include:
If there are a numerous suppliers serving in your area, the local market will drive down prices as they compete for custom.
Transport costs form part of the price quoted, so if you live in a remote location meaning the tanker needs to travel further to get to you, the price may be higher. The distance from their wholesaler’s oil refinery or bulk storage facility will also affect the transport aspect of a supplier’s wholesale costs.
Local climate variations will cause local prices to rise through increased short-term demand. Severe adverse weather, such as large snowfalls, may also affect a supplier’s ability to receive sufficient bulk deliveries to cope with increased demand.
Domestic Customers can order any quantity of oil for a reduced rate of 5% VAT. You may be asked to sign a statement confirming that you are a domestic customer.
Commercial Customers can order quanities of oil under 2,300 litres for a reduced VAT rate of 5%, but for any order over 2,300 litres they are subject to 20% VAT.