Why some have no choice but to pay costly oil prices
As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the mains gas network - and who are relying instead on h…
As the temperature drops, some of us will start putting the heating on but for the one-and-a-half million people across the UK that are not on the mains gas network - and who are relying instead on heating oil - that decision may give them pause.
The heating oil market is unregulated, unlike gas and electricity, so any changes in the global price quickly gets passed on to customers .
Tensions in the Middle East and the ongoing war in Ukraine are two issues currently both affecting supply which is causing prices to rise.
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Until March this year, the price was quite stable at about 60p per litre (ppl) but when the war in Iran started in March, it jumped to a high of 134ppl .
After a dip in the past few months, it is rising once again and it currently stands at 111ppl, according to price comparison site Boiler Juice.
The BBC has spoken to a number of business and homeowners across the West about how that rise is affecting them.
Peter Mason lives in Minety, in north Wiltshire, where most homes rely on heating oil.
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