Home Heating Oil prices at six year low

The average cost of home heating oil across the Province has fallen below £275 for a 900 litre fill for the first time in six years as global oil markets continue to move lower. This represents a massive 54 % drop in prices since oil peaked at £600 for 900 litres in February 2013. The Northern Ireland Oil Federation (NIOF) is suggesting that consumers should use this relief in prices to top up their tanks.

David Blevings from NIOF said, “This is fantastic news for oil consumers locally and will no doubt help family budgets in the run up to Christmas. We would encourage consumers to fill their tanks early and not leave it to the week before Christmas. We would advocate that consumers should ask if their distributor is a Member of the NI Oil Federation as all our Members have a Customer Charter in place which is endorsed by the Consumer Council. The Charter offers home heating oil consumers service guarantees such as a formalised complaints process, as well as flexible payment options and energy efficiency advice”, added David.

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