Fuel Oil: Prices

(asked on 21st April 2022) - View Source

Question to the Department for Business, Energy and Industrial Strategy:

To ask the Secretary of State for Business, Energy and Industrial Strategy, what recent assessment he has made of the adequacy price competitiveness in the domestic heating oil market.


Answered by
Greg Hands Portrait
Greg Hands
Minister of State (Department for Business and Trade)
This question was answered on 28th April 2022

The Government believes it is essential that consumers of domestic fuels get a fair deal. There is an open market for the supply of heating oil in the UK as we believe this provides the best long-term guarantee of competitive prices. Changes in the price of heating oil are mainly driven by those in the underlying price of crude oil. The Department publishes regular price data at https://www.gov.uk/government/statistical-data-sets/oil-and-petroleum-products-monthly-statistics.

The supply of domestic bulk domestic heating oil is also subject to UK competition law and consumer protection through a regulatory scheme under the Competition and Markets Authority.

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