Question to the Department for Energy Security & Net Zero:

To ask the Secretary of State for Energy Security and Net Zero, what steps his Department is taking to (i) track volatility in the home heating oil market and (ii) assess its impact on consumers.

The Government is closely monitoring heating oil, petrol and diesel prices in light of instability in the Middle East. International kerosene prices are >75% higher than they were before the conflict and this is putting pressure on heating oil prices.

The Secretary of State has written to the industry reminding heating oil distributors of their commitments under the UKIFDA Code of Practice, including the need for fair, transparent and justifiable pricing. Ministers have also spoken with the Competition and Markets Authority, who have announced they are reviewing evidence of potential unfair practices and anti-competitive behaviour.

We are keeping under review whether any further support or action is needed to protect consumers.