Compare Heating Oil Prices & Save

Heating oil is more than 50% dearer than it was a year ago. The Fueltool price tracker has the UK average at about 86ppl on a 1,000-litre order today, against about 56ppl on the same day in 2025. Most of that gap opened in the past five weeks: kerosene began July at about 74ppl and climbed 26% to a peak of about 93ppl on 22 July, one of the sharpest three-week moves the UK market has seen.

Since that peak the average has come back about 7ppl, a second straight week of falls, and now sits 13.2% below where it was three months ago. Roughly a third of the July run-up has come out so far.

Brent crude finished last week above $83 a barrel, up about 1.3% on Friday but more than 7% lower across the week and around 17% below the $100 it crossed in late July. The fall followed the agreement between Iran and Oman on a shipping route through the Strait of Hormuz, which is not yet a full reopening: talks over transit fees have stalled, with Iran seeking 5% to 7% of cargo value against roughly 3% from Oman. OPEC+ has also signed off a further 188,000 barrels a day for September, completing the rollback of the 1.65 million barrels a day of voluntary cuts agreed in 2023.

Kerosene follows wholesale costs with a lag of several days, so Friday's firmer crude has yet to reach the prices suppliers are quoting. Demand is at its seasonal low ahead of the autumn restock, and the near-term path rests mainly on whether the Hormuz fee talks conclude and on how the extra OPEC+ barrels land in an already well supplied market.