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.

Headline

Heating Oil prices remain stubbornly in the 50 pence a litre range ( England Average Price).

Latest Price for Domestic Heating Oil

Only a UK average is available

Date England Average Price Trend
20th May 2019 51.54 (Boilerjuice) Rising


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

Price History from the Office for National Statistics

(Office for National Statistics - Apr 2019 - next update due on 20th May)

The lowest price since 2011 was 28.6 pence in February 2016. The most recent peak was 59.9 in October 2018.

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
http://www.fueltool.co.uk/countysearch.cfm?county=Devon&country=England

2. The average price across England is available from Boilerjuice at https://www.boilerjuice.com/heating-oil-prices-england/

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 Brent Crude Oil chart on the left at the foot of the page shows the price range over the last eight months. The chart on the right covers recent weeks and gives live trading data for ULSD (Ultra low sulphur diesel) on which heating oil trading is now based.

Crude Oil Price News 22nd May 2019

SINGAPORE Reuters - "Oil prices edged up on Tuesday on signs that producer club OPEC will continue withholding supply this year and as tensions between the United States and Iran escalated. Brent crude futures, the international benchmark for oil prices, were at $72.07 per barrel at 0033 GMT, up 10 cents, or 0.1 percent, from their last close.
https://uk.reuters.com/article/global-oil/oil-prices-rise-on-rising-midd...

Brent Crude Oil Benchmark Price
(recent months)

Live Data

Heating Oil Futures Trading Price
(recent weeks)