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Heating oil news

Friday 13 November 2026
Updated 12 November 2026
UK average today
103.00p /litre ex VAT
1,000-litre fill
£1,082 incl VAT
On the week (ex VAT)
↓ 2.1p
Prices & historySee the price chart →
The market brief ·

Crude falls below $90 for the first time since August as Qatar reports progress on Iran talks

Crude oil fell below $90 a barrel this week for the first time since August as Qatar reported progress on US-Iran talks. A 1,000-litre fill costs about £1,080 including VAT, the cheapest since early September and roughly £20 less than a week ago.

President Trump met Qatar's prime minister at the White House on Monday and afterwards called the war with Iran 'effectively over' militarily, though he is keeping America's blockade of Iranian ports in place. Qatar, which carries messages between the two sides, said on Tuesday it had seen progress but could not say how close a deal is.

Crude oil fell below $90 a barrel on Tuesday for the first time since August. It climbed back on Wednesday when Iran's top security official, Mohsen Rezaei, denied that any talks were taking place, and slipped again on Thursday on hopes of a ceasefire in Ukraine, even though this week's talks in Abu Dhabi ended without one.

Diesel has held up better than crude, which matters here because UK heating oil follows diesel and jet fuel, made in the same part of the refinery. Ukrainian drones have disrupted refineries that handle about 30% of Russia's oil since late October, and on Wednesday they set fire to Ust-Luga, Russia's main oil export port on the Baltic.

Your next fill

At Fueltool's UK average today, a 1,000-litre fill costs about £1,080 including VAT, the cheapest since early September. That is roughly £20 less than at Monday's brief and roughly £20 less than a week ago, as the fall in crude since the start of November keeps feeding through.

A fill over the past month

1,000 litres · including 5% VAT
Recorded UK average cost of a 1,000-litre fill From £1207 on 14 Oct to £1086 on 12 Nov. Including VAT. Full figures are in the table below. £1,400 £1,200 £1,000 14 Oct 12 Nov
Fueltool daily recorded averages. The live price above can differ. Dates without a snapshot are joined by a straight line.
View the daily figures
Date1,000 litres, incl VAT
14 Oct 2026£1206.98
15 Oct 2026£1191.75
16 Oct 2026£1189.13
17 Oct 2026£1191.65
18 Oct 2026£1191.65
19 Oct 2026£1176.00
20 Oct 2026£1189.13
21 Oct 2026£1198.05
22 Oct 2026£1196.48
23 Oct 2026£1189.65
24 Oct 2026£1198.05
25 Oct 2026£1198.05
26 Oct 2026£1198.05
27 Oct 2026£1185.35
28 Oct 2026£1196.48
29 Oct 2026£1155.00
30 Oct 2026£1176.00
31 Oct 2026£1175.16
1 Nov 2026£1175.16
2 Nov 2026£1165.50
3 Nov 2026£1168.02
4 Nov 2026£1157.52
5 Nov 2026£1102.50
6 Nov 2026£1103.55
7 Nov 2026£1105.13
8 Nov 2026£1105.13
9 Nov 2026£1103.55
10 Nov 2026£1092.00
11 Nov 2026£1095.15
12 Nov 2026£1086.33

What to watch

Whether America replies to the conditions Iran has sent through Qatar, and whether ships keep getting through the Strait of Hormuz, the sea lane that carries about a fifth of the world's oil. Whether Ukraine keeps hitting Russian refineries and ports.

And the suspension of the 4% tariff on imported heating oil, which starts on 26 November.

Sources

Al Jazeera, Euronews, OilPrice.com, OilPrice.com, OilPrice.com. Prices: Fueltool's UK average.

Written by Fueltool · 12 November 2026. Published when the market moves; the prices in the ticker update separately.

Earlier briefs

See every brief →
  1. Trump says new Iran strikes are highly unlikely and crude falls again as Qatar heads to the White HousePresident Trump said new attacks on Iran are highly unlikely while talks move forward, and crude fell again on Monday. A 1,000-litre fill costs about £1,100 including VAT, about the same as Saturday and roughly £60 less than a week ago.
  2. Crude has its worst week since 2020 on Iran deal hopes, and UK heating oil follows it downCrude oil had its worst week since April 2020 on hopes the US midterms bring a deal with Iran, and UK heating oil has followed it down. A 1,000-litre fill costs about £1,110 including VAT, roughly £70 less than a week ago.
  3. Oil drops below $95 a barrel after the US midterms, then climbs back as more ships are hit in the GulfCrude fell nearly 9% on Wednesday on hopes the US midterms bring an Iran deal, then climbed back on Thursday as more ships were hit in the Gulf. A 1,000-litre fill costs about £1,150 including VAT, roughly £10 less than at Wednesday's brief.
  4. Oil falls on hopes of Iran talks as Democrats win Congress in the US midtermsCrude had its biggest one-day fall since July on Monday as Iran signalled it would talk, and Democrats won Congress on Tuesday. A 1,000-litre fill costs about £1,170 including VAT, roughly £30 less than a week ago.
  5. Budget suspends the tariff on imported heating oil and pays £100 towards energy bills in EnglandThe Budget lifts the 4% tariff on imported heating oil from 26 November and pays £100 to homes in council tax bands A to D in England from January, oil homes included. A 1,000-litre fill costs about £1,190 including VAT.
  6. Plans for new Iran strikes push crude to a six-month high as Houthis fire at Saudi oilReports that America and Israel plan fresh strikes on Iran after 3 November took crude to a six-month high, though heating oil rose far less. A 1,000-litre fill costs about £1,200 including VAT, roughly £30 up on the week.

See every brief →

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