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Heating Oil Prices Soar Amid Global Crisis | Belfast News

Heating Oil Prices Soar Amid Global Crisis | Belfast News

Published 9 hours ago
Description

Home heating oil prices are skyrocketing—up 59% since last year—with a standard 1,000-liter tank now costing €1,443.88 compared to €909. The surge is fueled by Middle East conflict disrupting global oil supplies, especially hitting kerosene, which Europe relies on for heating. As winter looms, panic buying and uncertainty reign, while suppliers defend themselves against price-gouging claims, citing volatile markets and limited stock. Meanwhile, government inaction on excise duties is under fire as the cost crisis deepens.

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