Further fall in cost of home heating oil

Further fall in cost of home heating oil

The collapse in oil prices has sent the cost of home heating oil plummeting. It’s now down at a level not seen since early 2016.

The average charge for 500 litres is just over £137. That has left home heating oil the cheapest by far of the four fuels compared by enirgy.info.

At these prices heating a house with home heating oil would cost £465 over the course of a year, a margin of £150 cheaper than natural gas.*

As crude oil continues to suffer from over supply and depressed demand, it’s conceivable home heating oil could have even further to fall.

*The estimation by enirgy.info is based on a delivery of 15,000 kWh of useful heat regardless of the efficiency of boiler used.

Published on 23/04/2020

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