Where to get the cheapest home heating oil in Northern Ireland as fresh figures show cost continuing to tumble

The price of 500 litres of home fuel has been falling steadily week-by-week since January 26, when 500 litres cost an average of £454.35 in Northern Ireland.

This has now dropped to £323.35 as of today, down by £16.63 on the week before.

The peak was in March 2022, when the price of 500 litres hit £662.86.

But whilst prices have been generally falling ever since spring 2022, 500 litres of oil still costs far more than it did in March 2021 – the furthest back the Consumer Council’s online database goes. On March 31, 2021, 500 litres would have cost the average Northern Ireland consumer £192.11.

A breakdown of the cheapest and priciest locales for buying oil is attached to this story.

The Consumer Council itself said that home heating oil prices have now reached “almost pre-Ukraine invasion price” (the Russian invasion began in February 2022).

Peter McClenaghan, its director of infrastructure and sustainability, said: “The fact the price of home heating oil has decreased significantly from the record highs recorded in March 2022, and is within pence of pre-Ukraine invasion prices, is very welcome news.

“While the oil market can be very volatile and it is difficult to forecast whether prices will continue to fall, it would be fantastic to see prices return to pre-pandemic levels because being able to afford to adequately heat their home remains a major worry for many consumers.”

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