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Low Online Prices
No Hidden Costs
Easy Ordering
5* Customer Care
Direct Delivery

How Much is Domestic Heating Oil?

How Much is Domestic Heating Oil?

How Much is Domestic Heating Oil?

Here in the UK, more than 1.5 million of us use domestic heating oil. Also known as kerosene heating oil, this heating source is more often found in rural areas, where over one million British homes are not connected to the national gas grid.

With the news that energy prices are set to rise in April 2022, we understand that you may be concerned about your domestic oil heating costs and want to make sure you’re getting the best price possible. In this guide, we cover everything you need to know about the price domestic heating oil, including how you can find the best deal.

Are or will home heating oil prices be going up or down?

There are many reasons why the cost of domestic heating oil prices can go up or drop, including supply and demand, events in oil-producing countries, exchange rate, refinery prices and the weather. Due to these factors, the price of domestic heating oil tends to increase or decrease on a daily basis, which makes it difficult to forecast.

However, with energy costs predicted to rise across the UK, it is likely that home heating oil prices are also expected rise. In the meantime, there are many ways to reduce energy usage around your home and you can find some of our top tips here.

Why could the price of home heating oil go up or become more expensive?

As outlined above, there are many reasons why the cost of domestic heating oil can rise or fall. Additionally, in April 2022, energy prices are set to increase across the UK and this includes electricity, gas and kerosene heating oil. One of the biggest reasons for this is the Russia-Ukraine war which is currently having an impact on domestic heating oil prices. Here at Your NRG, we are still committed to providing you with the best current prices for domestic heating oil but if you do have any concerns, our advisors will be happy to help you.

When will home heating oil prices drop and when is it the cheapest?

Kerosene heating oil prices generally go down and are at their cheapest when the demand this lower. In the UK, this means heating oil prices are often at their lowest during the warmer summer months of June, July and August. Conversely, the prices tend to become more expensive during the colder winter months as the demand increases.

To help you find the cheapest price during these unprecedented times, take a look at our savings plan. We created our exclusive personal savings plans to spread to cost of your kerosene heating oil and make heating your home more affordable.

How much is domestic heating oil and what is the average cost per litre?

How much domestic kerosene or home heating oil costs can vary, with changes from day to day depending on the season, the demand and how the pound is performing against the US dollar. However, this domestic heating oil graph from the ONS shows the price history over the last decade. At the end of 2021, the average price per 1,000 litres (220 gallons) of heating oil was 61,917 pence (or £619.17). This figure can be compared to 2012, when domestic heating oil was priced at 60,816 pence (or £608.16) per 1,000 litres of home heating oil.

How much is the domestic heating oil tax?

As outlined on the Gov website, the VAT for home heating is charged at a reduced rate of 5% — approximately 9.78 pence per litre. This is significantly lower than other types of fuel like petrol and diesel, with fuel used for vehicles charged at the standard 20% rate of VAT.

How much home heating oil do I need?

According to a review published by Ofgem, the average UK household uses 12,400kWh of gas annually. This equates to approximately 1,250 litres of home heating oil per year. However, it is important to remember that this figure will vary according to the size of your property, how often you turn on your central heating and the age/condition of your boiler. To help you calculate your energy costs, we’ve also created a handy tank volume calculator. This can give you an idea of how much you may need to pay.

How to compare heating oil prices

The easiest way to find the best price on your kerosene heating oil is to secure quotes. Here at Your NRG, you can get a fast domestic heating oil quote online by filling out this simple form. Just tell us your details and how many litres you need, and we’ll get back to you with our best home heating oil rates. Additionally, we offer our unique Remote Tank Monitoring service, so you can be sure you always have enough heating oil to power your home. This means you’ll never have to worry about the expense of arranging a home heating oil emergency delivery.

How to order home heating oil online at Your NRG

It’s easy to buy home heating oil on our website. After generating your free domestic heating oil quote, select the green ‘order’ button to proceed. Alternatively, if you have logged into the ‘Account Dashboard’ at the top of the page, you can press ‘New Order’ to purchase heating oil. Whether you need to refill your tank or you require domestic heating oil in small quantities, we can help.

What’s more, if you’re wondering, ‘what are the home heating oil rates near me’, as UK-wide domestic heating oil suppliers, we have depots in a number of locations, and each depot is committed to providing you with the best rates. If you have any further questions you want to find out how to heat your home for less, get in contact with our friendly team or speak to your nearest depot to find out more.