Home heating oil prices in Northern Ireland continue to fall

The price of home heating oil across Northern Ireland is continuing to take a welcome drop.

This week’s figures from the Consumer Council show the cost of topping up an oil tank is continuing on a downward trend with the average cost of 900 litres almost £19 less than it was last week. The average cost of 300 litres is £6.88 less than last week and 500 litres is also lower, with an average reduction of £10.60 compared to last week.

A fortnight ago oil cost on average £48.84 more (900 litres), £27.78 more (500 litres) and £18.85 more (300 litres).

The dip in prices will be welcome news for householders, especially as the weather gets colder.

The cost of home heating oil in Northern Ireland continues to fall.

The average cost of 300 litres in Northern Ireland is now £267.07, while the average price of 500 litres is £431.80 and £765.48 for 900 litres.

While this week’s prices show a continued welcome downturn, it is still worth shopping around for the best deal as many suppliers will deliver further afield at no extra cost.The Consumer Council figures also show a difference between Northern Ireland’s local council areas.

The highest average price for 300 litres this week is in Armagh, Banbridge and Craigavon at £272.32 while the lowest average price of found £262.35 was found in Mid and East Antrim.

When it comes to 500 litres, residents of Armagh, Banbridge and Craigavon are paying the highest average price at £438.39 while the average price is in Mid and East Antrim at £426.17.

The highest average cost of 900 litres is currently £774.29 in Armagh, Banbridge and Craigavon while the lowest is £755.86 in Lisburn and Castlereagh.

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The Consumer Council says that many people find it difficult to budget for large one-off bulk deliveries. Larger orders are a higher one-off cost, but smaller orders cost more per litre. Buyers often have no option but to place these smaller, more expensive orders but joining a local oil buying club is one solution to this problem.