Go compare domestic heating oil prices
Average heating oil prices . According to Sutherland Tables, which tracks domestic heating costs, prices are now at their highest in four years, at £1,037/year for a typical three-bedroom home. With prices on their way back up again, now's the best time to buy - heating oil costs are only likely to increase further as the cold weather sets in. The heating oil price is tied to the development of the price of crude oil and therefore also depends on the low supply and high demand for crude oil in the emerging markets. UK Heating Oil Market. The domestic heating oil market in the UK is extremely volatile, with prices being affected by numerous factors. For example, heating oil prices rose by over 4 pence per litre in just 1 day in September 2019, due to an attack on a Saudi oil facility.