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Heating oil price history

Heating oil prices in March 2016

The Fueltool average for heating oil was 29.25p a litre excluding VAT in March 2016. That is about £307 for 1,000 litres including 5% VAT.

Compare prices at your postcode Prices since 2011
29.25paverage a litre, ex VAT
27.50plowest day, 1 March 2016
30.50phighest day, 31 March 2016
£307for 1,000 litres at the average, VAT included

How it compares

March 2016 against the month before and a year earlier

On the month before

+11.8%

29.25p against 26.16p in February 2016: up 3.09p a litre.

On the same month a year earlier

-26.0%

29.25p against 39.55p in March 2015: down 10.30p a litre.

Day by day

Daily heating oil prices in March 2016

Daily average, pence a litre excluding VAT, by day of March. The ring marks the lowest day and the filled dot the highest.
Day Average p a litre, ex VAT On the day before Listings counted
30.50p +0.11p 161
30.39p -0.06p 168
30.45p +0.14p 170
30.31p 0.00p 174
30.31p 0.00p 174
30.31p 0.00p 174
30.31p 0.00p 174
30.31p +0.12p 175
30.19p +0.69p 173
29.50p 0.00p 149
29.50p 0.00p 148
29.50p -0.06p 151
29.56p +0.09p 181
29.47p +0.02p 180
29.45p +0.21p 181
29.24p -0.12p 187
29.36p +0.36p 187
29.00p 0.00p 185
29.00p 0.00p 183
29.00p 0.00p 184
29.00p +0.01p 185
28.99p +0.30p 185
28.69p +0.24p 179
28.45p +0.23p 173
28.22p +0.17p 171
28.05p 0.00p 175
28.05p +0.08p 175
27.97p -0.33p 176
28.30p +0.31p 181
27.99p +0.49p 177
27.50p +0.26p 175

Figures for March 2016 run from 1 March 2016 to 31 March 2016. The month's average is the mean of these daily figures.

More months

Other months and years

Every month of 2016

March in other years

Every month since October 2011

The method

How these figures are made

  • What is averaged. Standard kerosene (heating oil) price listings on Fueltool for a 1,000 to 1,499 litre delivery, in pence a litre excluding VAT. Each day's figure is the middle (median) listing: half that day's listings were cheaper and half dearer, so one supplier's high price cannot pull it up. A supplier can list several areas and delivery options, so this is a figure from Fueltool's listings, not a survey of every UK supplier.
  • Which listings count on a day. A listing counts on a day if its price was last changed within the 30 days up to that day, so a supplier that has stopped trading drops out. The demo account is left out. Each day is judged by who was trading that day, not by who is trading now. The number of listings behind a day has ranged from about 24 a day (April 2012) to about 377 a day (October 2018). The monthly pages show the count for each day, so a month with fewer listings rests on fewer prices.
  • Months. A month's average is the mean of its daily figures. The lowest and highest day are the lowest and highest daily figure in that month. A change on the month before, or on the same month a year earlier, is shown only where both months have at least 14 days of records.
  • Typing errors. Prices are typed in by suppliers and sometimes wrongly (4050 for 40.50, for example). A price under 15p or over £2.50 a litre, or under half or over double that day's middle price, is left out: 1,236 prices outside 15p to £2.50, and a further 2,376 of the 701,945 listings that otherwise counted. Six suppliers entered prices 50p too high from 17 to 21 May 2014; those prices are left out. Two suppliers did the same from 21 to 29 January 2019, and those prices are left out too.
  • Gaps in the record. Daily records start on 27 October 2011. There are no records for 4 to 23 December 2018 (20 days), 24 to 27 December 2019 (4 days) or 19 May 2022 to 26 April 2023 (343 days). Those days are left blank. Nothing is filled in or estimated, and a month with fewer days than it should have says how many it has.
  • VAT. Every pence figure excludes VAT. Pound amounts for 1,000 litres add VAT at 5%, the rate on domestic heating oil.
  • Using the figures. Free to quote with a credit and a link to Fueltool.co.uk. Today's live average is shown on the heating oil prices today page and can differ from the latest daily record. The last two years of the daily record are also available as data from the open price feed.

What would a fill cost at your home?

These are averages across Fueltool's listings. Your postcode, quantity and delivery option shape the price you are quoted.

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