Compare Heating Oil Prices & Save

Our Fueltool price tracker has the average UK supplier price at about 79ppl on a 1,000-litre order today, holding near the bottom of the three-month chart and close to the cheapest levels we have logged all year. The headline badge shows prices down 20.3% over the period, and after a steady slide through June the line has flattened out in the high 70s over the past fortnight. That leaves the average roughly 37% below the early-April high near 125ppl, with today's reading a touch above the late-June low.

The move lower tracks softer wholesale costs. Brent crude spent late June under $70 a barrel, its weakest in months, before edging back to around $72 in early July as some of the earlier Middle East risk premium unwound and tanker traffic normalised. Attention has turned to an expected supply surplus later in 2026, with global output on course to outpace demand and several OPEC+ members still pumping above their quotas. A steady pound has helped too, holding down the cost of imported product as those wholesale falls feed through into the prices suppliers quote.

With winter demand long behind us and the autumn restock still months away, the average sits near its low for the year and suppliers have passed 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.