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Heating oil customers face tough winter

Heating oil customers face tough winter

Summary

Prices for heating oil have risen by up to 82% since the start of the US-Israeli war with Iran. People in rural areas are finding it hard to afford heating their homes this winter, despite new government plans to regulate the market and support low-income families.

Key Facts

  • Heating oil prices have nearly doubled since the conflict involving the US, Israel, and Iran began.
  • Some customers are delaying buying heating oil, hoping prices will drop.
  • The government plans to tighten rules around heating oil sales to increase competition and protect customers.
  • Minimum order amounts for heating oil purchases will be reviewed to help buyers.
  • Rural communities without regular energy connections are most affected by price increases.
  • A £53 million government support package was announced to assist low-income households using heating oil.
  • Some people plan to use less heating this winter due to high costs.
  • Customers are looking for ways to spread heating oil costs over time to manage expenses.
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