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Thu, 30 Apr 2026

Thu, 30 Apr 2026 Heating oil prices reached record high in NI

Data suggests prices peaked on 8 April when 500 litres cost an average of £627.

* Heating oil prices rose by 92% in March, a record high
* Prices peaked at £627 per 500 litres on April 8 and have since fallen to around £530
* The largest previous price spike was 59% in March 2022 after the Russian invasion of Ukraine
* Around two thirds of Northern Ireland households use home heating oil
* Lower income households using oil are due to receive a £100 grant later this year
* Petrol prices fell from 152.1p to 150.4p per litre over the last week, while diesel prices fell from 183.8p to 178.5p per litre
* The Bank of England kept interest rates at 3.75% as it monitors the effects of the Middle East conflict on inflation and the economy