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Home heating oil on course to be cheaper than mains gas

10th December 2014 All News and Offers

Heating oil prices set to be lower than mains gasLatest figures show that heating oil prices have continued to fall and are now at a three year low, making oil the cheapest and most convenient way to heat off-gas grid homes.

According to the Sutherland Tables, a recognised independent source of data on comparative UK domestic heating prices, the current average annual cost of using oil to heat a three bedroom home in Great Britain is now 11.6% lower than the average cost recorded over the past four years.

Compare the cost of heating the same average home with either LPG or electricity – the other main heating fuels used by off gas grid homes – and oil remains considerably cheaper, currently coming in at 40% less expensive than LPG and 26% cheaper than electricity.

The cost difference between oil and mains gas has also narrowed significantly throughout the last year with oil now just 2% more expensive than gas, equating to around £25 per year. If this trend continues – as predicted by a recent DECC report on future fossil fuel prices – it is likely that oil will actually become cheaper than mains gas in the near future.

For latest home heating prices from Barton Petroleum please contact your local depot or please fill in the form at the top of each page to receive a quote.

Source: OFTEC