Domestic Heating Oil Prices

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Find out how to reduce your heating oil bill and avoid fuel poverty! We explore how to make it last longer, and also how to pay less: understand the latest heating oil price trends; get tips on energy efficiency; and get a decent service at a reasonable price.


The price of 28-second Kerosene, or home heating oil as it is more commonly known, can vary enormously. Sometimes you will pay more for a rapid service, but you should usually save money by shopping around.

You should read our research article, Who are you buying your domestic heating oil from? as it gives details about how uncompetitive the retail buying market appears to be. Also read about Impartial voices on heating oil for perspectives on who to trust for independent oil buying advice.

When you do buy direct from a heating oil supplier, beware of the hidden credit charge they may slip in to the invoice!

A bit of history

In the UK, historical oil prices for home heating oil stood at 20-30p/L for many years, but a supply squeeze and unprecedented global demand sent the price to 55-65p/L over the Summer of 2008, dropping at the end of the year to under 40p/L. At the end of 2009 it was steady at around 38p/L.

The bad weather at the beginning of 2010 caused an oil price surge to 40-50p/L, and for a few weeks after that it settled back down to the 37-44p/L region. It's worth remembering that suppliers will move prices up during icy and snowy weather simply because of supply complications and impassable roads. To avoid problems, oil delivery companies need snow-bound home-owners to clear their access routes, as the drivers refuse to attempt delivery if they fear getting stuck in drifts or unable to get traction on icy surfaces. If you have icy conditions, use your common sense to make sure that they can get through, and you should get your oil!

Global oil pressures are reasonably steady, and with crude at between $80 and $90 per barrel for the last few months of 2010 we saw domestic prices of 41-45p/L - up until December when it sky-rocketed to 70p or more and with unpredictable delivery dates. The summer season eased heating oil prices, but not much below 40p/L. As the cooler autumn months rolled in, more people's minds turn to securing their winter tankful, and sure enough prices meandered up to 60p/L.

2011 and 2012 have seen very little movement up or down in the price of oil for householders, as it was pegged mostly between 55 and 60 pence per litre. Even during the summer months, consumers were lucky if they could place an order at 50p/L.

The current situation: November 2014

The nation has experienced a wet and mild autumn, so prices have been very steady at around 60p/L. If you are starting to run short then it's worth getting a few quotes in now and maybe going for a half-fill if you can. If you can make your supply last through the winter, then it's probably worth holding out until the spring - but don't expect to save more than a couple of pence per litre.

Flutuating prices

It really is amazing how much the price (both crude and home heating oil) can fluctuate; from its $147/barrel peak in 2007, crude fell as far as $35 only a few months later! It is now under $90/barrel in late 2012, but has been bouncing around between $80 and $120 for the past year. Now that crude has settled at around the $85 mark, you should in theory expect the domestic rate to be around 40p/L - but that hasn't happened. Clearly there are lots of demand and supply pressures on crude oil, and home heating oil has to pay its share.

You can keep up to date on Facebook, at the Heating Oil page.

How to Cut Heating Oil Usage

In this climate of ever-increasing prices, the issue is not so much where to buy your oil, but how to cut your consumption. Here is a summary of your options:

Further Reading

Avoid big bills with Oil Fuel Poverty Solutions

23 Nov 2013

Do you know anyone who struggles to find a large sum of money when their heating oil tank runs low? Maybe it's you. If so, that's not a surprise ...

How does £1 a litre suit you?

02 Apr 2013

The video below is of a phone conversation between a heating oil customer and a national supplier. The supplier is quoting 97 pence per litre ...

Lower your heating oil costs with the Green Deal

24 Oct 2012

If you own a home that could do with some energy-saving renovation, you could claim up to £650 from the Government's Green Deal scheme ...

Heating Oil Thefts - Stay Alert!

19 May 2012

Do beware of thieves who siphon oil from tanks and sell it on at a discounted price. Now the oil price is high, criminals have even more ...

Police thumbs-up for oil tank alarms

08 Mar 2012

Have you been a victim of heating oil theft from your oil tank? The best thing is for you to get an alarm fitted - at least, that's according ...

Cold weather alerts: be prepared!

01 Feb 2012

Do you know what to do if your local weather forecast is predicting a spell of cold weather? The Met Office has issued a "100% probability ...

Beware of Non-standard Heating Oil Payment Methods

13 Nov 2011

There is some consternation over a website offering discount heating oil prices, as long as you pay for it using relatively unknown payment ...

BoilerJuice is owned by...

21 Oct 2011

... Welsummer Ltd (as of October 2011).
Before then, it was owned by... ... GB Oils. Once upon a time BoilerJuice would try ...

OFT Report Concludes 'Fair Deal' on Heating Oil

18 Oct 2011

As promised, the Office of Fair Trading has completed its study into competition within the heating oil market and has made its findings public ...

The Autumn Dilemma for Heating Oil Consumers

17 Oct 2011

October is a funny month. One day we can be basked in warm sunshine and wondering how long this 'extended summer' can last, and the next day ...

BoilerJuice Discounting

15 Oct 2011

BoilerJuice is a service that attempts to cluster individuals' orders together to create a small number of large orders. Here is their explanation ...

Boilerjuice to regain its Independence?

04 Oct 2011

After a colossal volume of criticism about its impartiality and opaqueness, Boilerjuice may become independent once again. In 2005 Paul ...

Costs and Benefits of Oil Buying Groups

22 Sep 2011

Joining an oil buying group is potentially a great way to minimise the effect of increasing domestic oil prices. One community group in Oxfordshire ...

Heating Oil Websites can be Deceptive

11 Sep 2011

Impartiality in the heating oil domestic market can be as slippery to grasp as the heating oil itself. Last time you visited a heating oil ...

Off-grid Help for Renewables

25 Jul 2011

The Department for Energy and Climate Change (DECC) is making it easier for off-grid customers to make their homes less dependent on expensive ...


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Related Reading

Buying Oil: Your Situation
When did you last buy oil?





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