Compare Heating Oil Prices & Save

Our Fueltool price tracker has the average UK supplier price at around 77.5ppl on a 1,000-litre order today, holding at the bottom of the three-month chart and the cheapest reading we have logged this year. The headline badge still shows prices falling 19.6%, with the line grinding lower right through June. That leaves the average roughly 38% below the early-April high near 125ppl, and down from about 95ppl in late May.

The fall tracks lower wholesale costs. Brent crude is trading near $72 a barrel, its weakest since late February, after tanker traffic through the Strait of Hormuz returned to normal and progress on a US-Iran deal unwound the risk premium built up through the spring. Saudi Arabia has stepped up loadings and the market is now eyeing an expected supply surplus later in 2026, with OPEC+ discipline under strain after the UAE left the group in May and Iraq pushed for a higher quota. A steady pound has helped hold down the cost of imported product as those falls feed through to the prices suppliers quote.

With winter demand long behind us and the autumn restock still months away, summer is the seasonal low point for heating oil and suppliers have been passing the softer wholesale costs through across most regions. Crude is still moving quickly, so the near-term path depends mainly on whether the calmer Middle East picture holds and on how the wider supply outlook and sterling develop from here.