Home heating oil prices drop to a six year low

Oil tank
Oil tank

The Consumer Council’s weekly home heating oil survey has revealed that prices in Northern Ireland are at their lowest in six years.

The survey shows the average price of a 500 litre fill in Northern Ireland is currently £170.

Richard Williams, Head of Energy Policy at the Consumer Council said, “The cost of a 500 litre fill has dropped by almost half since prices peaked in February 2013. This decrease is good news for many consumers as home heating oil is used to heat the majority of homes in Northern Ireland.

Richard continued “The Consumer Council monitors home heating oil prices on a weekly basis and publishes information on its website about average prices in towns and cities across Northern Ireland. We encourage consumers to shop around for their home heating oil and the information on our website enables consumers to judge whether they are getting a good deal when buying their fuel.”

In addition to providing consumers with information concerning home heating oil prices, the Consumer Council has worked with the Northern Ireland Oil Federation (NIOF) to develop a Customer Charter which sets out minimum standards of service for consumers who buy oil from a NIOF member. Standards cover a range of issues including customer care, complaint procedures, and payment options.

For information visit the Consumer Council website www.consumercouncil.org.uk or call 0800 121 6022.