Average price of 500 litres of home heating oil in Northern Ireland drops – but still costs almost £500

The average price of heating oil has fallen in Northern Ireland but remains extremely expensive.

According to Thursday’s Consumer Council heating oil price checker, the average cost of 300L of oil is £309.37, 500L is £496.28 and 900L is £876.49.

The majority of households in Northern Ireland use household oil as a heating source.

The average prices are based on an additional payment of £100 to UK households who are unable to receive support for their heating costs through the Energy Price Guarantee.

Last week’s figures showed that the average price of 300L was £328.52, 500L was £526.96 and 900L was £929.46.

Customers in Fermanagh and Omagh Council have the most expensive average for 300L (£318.16) and 500L (£507.42).

Causeway Coast and Glens is the most expensive area for those looking to buy 900L (£890.51).

The figures show that 100 pounds yields less than 100 liters of oil.

The cheapest average for L300 in Northern Ireland is in Belfast (£305.92), while L500 (491.51) and L900 (£868.40) are the cheapest in Lisburn and Castlereagh.

Speaking to BBC Radio Ulster’s The Nolan Show, Alliance Party Deputy Leader Stephen Farry called the £100 voucher scheme for oil customers “an afterthought”.

“The difference between gas and electricity support and you are an oil dependent household you have to place a bulk order for that and £100 is not going to go that far,” he said.

Mr Farry says support for households consuming oil in Northern Ireland totals £54m.

“If you live in a situation where you live week to week, you will not be able to place a large oil order and especially with the inflated prices at the moment, you will not be able to afford it,” he said.

“This is also a challenge for oil dependent companies and they will have major headaches managing their oil and we haven’t even heard the details of what the support for companies will be.”

Meanwhile, the Consumer Council’s online fuel price checker shows that the average price of petrol and diesel has fallen in Northern Ireland over the past seven days.

The average price of diesel is 177.4p – down from 178.3p – and petrol costs an average of 161.6p, down from 163.5p.

https://www.belfasttelegraph.co.uk/news/northern-ireland/average-price-of-500-litres-of-home-heating-oil-in-northern-ireland-drops-but-still-costs-almost-500-42008923.html Average price of 500 litres of home heating oil in Northern Ireland drops – but still costs almost £500

Linh

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