Compare Heating Oil Prices & Save

Our Fueltool price tracker has the average UK supplier price down to about 78ppl on a 1,000-litre order today, a fresh low on the three-month chart and the cheapest reading we have logged this year. The headline badge now shows prices falling 19.6%, and the line has carried on grinding lower right through June. That puts the average around 38% below the early-April high near 125ppl, with the fall picking up pace over the past month from roughly 95ppl in late May.

The drop tracks a sharp move lower in wholesale costs. Brent crude has slid below $70 a barrel, its weakest since before the latest US-Iran flare-up, as tanker traffic through the Strait of Hormuz picked back up and progress on US-Iran talks unwound the risk premium that had built through the spring. Attention has since shifted to an expected supply surplus later in 2026, with OPEC+ discipline under strain as several members keep pumping above their quotas. A steady pound has helped too, holding down the cost of imported product as those wholesale falls feed into the prices suppliers quote.

With winter demand long behind us and the autumn restock still months away, the average sits at its lowest point on the three-month chart 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.