According to the statistics, home fuel oil is used in the rural areas mostly with almost 37% houses using kerosene or gas oil. However, it is still used in the urban areas as well. In town areas with around 10,000 populations, around 5.5% households use gas oil for their central heating system.
The price of gas oil is always changing and it is pretty volatile all the time. Though, over the past few years, the price of crude oil has fallen quite significantly. At Fuel Oil Supplier, you don’t have to worry about the uncertainties since we provide the oil price change graph for a detailed price understanding.
Heating Oil Price
The price of heating oil can vary dramatically with time and it can change every day. At Fuel Oil Supplier, you get the best price, unmatched customer service, easy booking and delivery facility.
You might think of getting the right quote or the best quote from different suppliers but we make your job easy. We get in touch with the biggest suppliers of heating oil in the UK on a regular basis to offer the best price possible. And we also offer a live heating oil price comparison graph to realize the best price range according to you.
Factor Affecting Price
There are certain political, economical and logistic factors that can affect the heating oil price.
Agreements made by the Organisation of the Petroleum Exporting Countries affect the heating oil price.
Foreign Exchange Rates
Due to heavy import of oil from other nations, foreign exchange rate is very crucial.
Conflicts in the oil producing nations affect the price change.
Supply & Demand
Variation in the demand and supply chain changes the price.
Crude Oil Price
Kerosene is a refined form of crude so changes in the crude price is very vital for heating oil.
Fuel Duty & VAT
Fuel duty and VAT have an impact on the oil price.
The delivery cost of fuel changes with the price fluctuation.
Poor weather decreases the demand and it increases with positive weather.