Home heating oil prices in Northern Ireland drop to lowest level in months

The price of home heating oil across Northern Ireland has dropped to its lowest price in the past two months.
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The Consumer Council's weekly price check shows that the average price of 900 litres of oil is now £826.89, a drop of more than £50 in a week and nearly £100 over the past fortnight.

The highest average price for the same quantity of oil was in March – shortly after the Ukraine war started – when householders had to fork out an eye-watering £1,181.

While this week’s prices show a 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.

Home-heating oil prices in Northern Ireland are falling.Home-heating oil prices in Northern Ireland are falling.
Home-heating oil prices in Northern Ireland are falling.

The highest average price for 300 litres this week is £293.70 in Armagh, Banbridge and Craigavon while the lowest average price of £282.47 was found in Mid and East Antrim.

When it comes to 500 litres, residents of Newry city, Mourne and Down are paying £473.15 while the average price in Antrim in Newtownabbey is £457.40.

The highest average cost of 900 litres is currently £839.70 in Derry City and Strabane while the lowest is £812.57 in Antrim and Newtownabbey.

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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.