November 16, 2017
Is Heating Oil Cheap compared to other fuels?
A recent study by Sutherland, an independent and impartial information provider on domestic heating costs, found that heating oil has been the cheapest home heating fuel available in the UK during 2017.
The report claimed that on average heating oil would cost a three bedroom home £894 during 2017. That’s a saving of £73 when compared to Gas, which came in second cheapest according to Sutherland. The most expensive fuel used to heat a home was electricity, costing on average £1,910 to heat a 3 bedroom home during the course of a year. See figure below.
Pro's and Con's of using Heating Oil?
Heating oil is one of the most common alternative off-grid energies available on the market today in the UK with approximately 1.5 million users nationwide. These recent figures from Sutherland will no doubt come as welcome news to the many of us who continue to heat our homes off the national gas grid.
Pro: Traditionally, further savings can be made when customers buy their heating oil in advance. The price of heating oil depends largely on demand for crude oil. So when temperatures are higher during the warmer months, demand for oil is much lower so the price is lower. Therefore, customers can usually purchase their heating oil at a fraction of the price they would pay during the colder months of winter when demand is much higher.
Con: Ordering your oil when it is very cold or in the run up to Christmas can be more expensive than other times of the year. Therefore, when using heating oil to heat your home, it is beneficial to plan in advance so you get the best price.
At Rix Petroleum, we’re advising customers to order their heating oil early, allowing them to not only avoid the winter rush and inevitable delays, but also save money on their fuel whilst the price is still relatively low.
If you haven’t ordered your fuel for winter just yet, don’t worry, it’s not too late to take advantage of early ordering. Although the temperatures are now starting to drop, November is still considered a relatively quiet time of the year, especially when compared to the busy months of December, January, and February. So there’s still time to order your heating oil early before the busy period kicks in.
Ordering your heating oil with Rix Petroleum has never been easier. Customers can now get a free instant quote and purchase heating oil securely online on any device 24 hours a day, seven days a week. Click here to get an instant heating oil price. All online payments are processed via Sage Pay, one of the most reputable and secure payment providers available.
Rix Petroleum has been delivering heating oil to homes up and down the country for more than 80 years. We’re part of a family-owned business that has been in operation since 1873. We have always offered a flexible, reliable and friendly service at fair and honest prices.