Mon, 09 Mar 2026
North Yorkshire residents using oil tanks to fuel their homes say bills are soaring.
* Prices for heating oil have surged due to the war in Iran, with a mother-of-three saying she "wanted to cry" when she found out her top-up price had doubled.
* The cost of 1,000 litres of heating oil has jumped from £600-£700 to £1,258.
* The UK is heavily reliant on oil and gas imports, and the war in Iran has disrupted supplies through the Strait of Hormuz.
* The UK and Ireland Fuel Distributors Association (UKIFDA) says there's been a "rapid rise" in wholesale prices due to higher-than-usual demand and increased costs for distributors.
* A village cooperative in York is helping residents save money on heating oil by making group purchases at wholesale price.
* Energy Minister Michael Shanks has asked the Competition and Markets Authority to investigate whether customers are being treated fairly over the price increase.
* The price of red diesel, used to power agricultural machinery, has also risen from 72p a litre to over £1 in some areas.
Terms of Use | Privacy Policy | Manage Cookies+ | Ad Choices | Accessibility & CC | About | Newsletters | Transcripts
Business News Top © 2024-2025