Domestic Heating Oil Prices

There are are a number of oil purchasing co-operatives organised on a local, regional and national scale which are easy to find on-line. If you prefer to time your purchases yourself and negotiate your own deal here is some information that might help.

Price History

Prices in pence per litre for a delivery of 1000 litres (England average price from Boilerjuice)

Month Year Low Monthly High Price peaks
Sept 2016 33.63
Jan 2017 45.66
June 2017 35.23
Jul 2017 36.01
Aug 2017 37.7 39.41
Oct 2017 41.18 42.35
Nov 2017 42.55 47.33
Dec 2017 56.58 56.58
Jan 2018 53.80
Feb 2018 58.39
Mar 2018 60.53
Apr 2018 56.35

Latest England Average Price for Domestic Heating Oil

Date England Average Price Trend
25th Apr 2018 52.86 (Boilerjuice) Falling

In Stockland the price per litre is normally lower than the England Average.

Information available online to help negotiate a price today

1. This Fueltool link allows a search for current prices in the EX14 postcode area for the quantity of oil required

2. The average price across England is available from Boilerjuice at

Prices for Devon & for Dorset were available from heatingoilcompare but this site has now closed.

Watching the trend in oil prices

Stock market prices and fluctuations in the exchange rate are very strong factors affecting the price of heating oil. In the past 2 years the GBP/USD exchange rate fell from highs of $1.53 in Sept 2015 and $1.49 in June 2016 to a low of $1.20 in Jan 2017. The live table below shows how many dollars one pound and one euro are worth now. Oil is traded in dollars so a higher rate is good news.

The trend in the price of heating oil tends to follow the crude oil price trend but there is often a time lag. The Crude Oil chart on the left below shows the price range over the last six months. The chart on the right gives live trading data for ULSD (Ultra low sulphur diesel) on which heating oil trading is now based.

Can we expect a seasonal dip in heating oil prices now spring is here?

Looking at this long term graph from the Office for National Statistics, the seasonal dip experienced in the distant past is difficult to identify because of the stronger long term price trends. However dips can be seen in successive years in April, March, February and May. With household stocks tending to be depleted after the cold snap, this year may see a late downtrend, delayed as householders top up their tanks. Only time will tell.

Crude Oil Price News - 23rd April 2018

MarketLine via COMTEX - "Brent crude oil prices have breached the $75 a barrel mark, hitting their highest levels since November 2014, amidst signs of tightening supplies caused by rising demand.."

OPEC Oil Price

Introduced on 16 June 2005, the OPEC Reference Basket (ORB) is currently made up of the following: Saharan Blend (Algeria), Girassol (Angola), Oriente (Ecuador), Zafiro (Equatorial Guinea), Rabi Light (Gabon), Iran Heavy (Islamic Republic of Iran), Basra Light (Iraq), Kuwait Export (Kuwait), Es Sider (Libya), Bonny Light (Nigeria), Qatar Marine (Qatar), Arab Light (Saudi Arabia), Murban (UAE) and Merey (Venezuela). The price below is a live feed from OPEC.

This price has reached a new peak in April 2018 at 68.73. Previous high was 68.46 in January and a low at 60.52 in mid February.

Crude Oil Prices from Infomine

6 Month Crude Oil Prices - Crude Oil Price Chart

Heating Oil Futures Trading Chart