MoneyMagpie

Sep 27

Cheap Heating oil: Get the best price

Over 1.5 million homes in the UK rely on cheap heating oil for warmth during the cold months. Currently prices are very low thanks to the oil price collapse. If you’re looking to buy, then now is a good time!

The problem is that the whole process of buying heating oil can be confusing – working out who to go to and the best price isn’t always easy.

So, if the plethora of suppliers has got your head spinning, read on and let us help you make the right decision and get cheap heating oil.

Get your hands on cheap heating oil

 

Why is oil so cheap at the moment?

Cheap Heating oil: Get the best priceThere are a two main reasons for oil currently being so cheap.

Firstly, there is currently weak demand for oil in many countries as their economies are still poor. Secondly, the US is producing a lot more of its own oil.

On top of this, oil cartel OPEC (made up of Arab nations) is refusing to cut back its production, which would make prices rise. This may well be to put the American production under pressure and potentially to force some producers to shut down. In the long term this could mean a greater market share for OPEC.

Whilst the effects of dropping oil prices are mixed, if you’re looking to get heating oil then now’s a good time to look to buy.

For example, when we last updated this article in June 2013 Heating Oil.co.uk were charging £766.40 for 1,000 litres in Cornwall… they are now charging £440.79. In Northern Ireland Boiler Juice were charging £734.90, they are now charging £431.97.

As with most things, there’s no telling how long this price drop will continue for. It may stop in a few days, or may last for many more months.

Prices vary according to location so if you don’t know who your local suppliers are, you can find them using the OFTEC website.

 

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Current prices

Prices for gas oil correct as of 16.12.2014:

England: Postcode in Cornwall for an order of 1,000 litres

Company Price per litre in pence (ex. Vat) Total in £ (inc.vat) Delivery period
Heatingoil.co.uk 41.98 6+ days
Check-my-tank 38.51 £404.35 Within 5 days
BoilerJuice 44.94 £471.87 Within 6 working days
Home Fuels Direct 44.06 £462.63 Within 10 working days

 

 

 

 

 

 

Northern Ireland: Postcode in County Down for an order of 1,000 litres

Company Pence per litre (ex.vat) Total in pounds (inc.vat) Delivery period
BoilerJuice 41.14 £431.97 Within 6 working days
Carlisle Fuels 43.80 £459.90 Within 10 working days

Scotland: Postcode in Inverness for an order of 1,000 litres

Company Pence per litre (ex.vat) Total in pounds (inc.vat) Delivery period
BoilerJuice 48.24 £506.52 Within 6 working days
Home Fuels Direct 47.06 £494.13 Within 10 working days

Wales: Postcode in Cardigan for an order of 1,000 litres

Company Pence per litre (ex.vat) Total in pounds (inc.vat) Delivery period
BoilerJuice 51.57 £541.49 Within 6 working days
Heatingoil.co.uk 46.20 £485.10 6+ days

As you can see from these results, there is a huge price difference purely depending on where you are, never mind who you’re ordering from. We’ve gone through the price ranges with you, but now it’s time to learn more about the companies you could be buying from.

 

 

BoilerJuice

Cheap Heating oil: Get the best priceOne of the best sites to visit if you are in a remote area is BoilerJuice, as they have a comprehensive directory of heating oil suppliers.

How it works

To get a free quote, all you need to do is provide your postcode, desired delivery date and the amount of oil you need. BoilerJuice will then search their databases and come up with the cheapest quote for your amount, area and preferred delivery time.

Once you’ve got a free quote there’s no obligation to buy, so it’s a good way to get an idea of prices in your area.

BoilerJuice also runs ‘buying weekends’ which anyone can take part in. They organise your delivery in accordance with those in your surrounding area which can save you some serious money.

In the past we have been told that once you’ve placed your order with BoilerJuice, you were somewhat on your own. However a spokesperson from the company has told us that they ” have a customer service team, who assist our customers right through to delivery. We offer personalised assistance over the phone and rectify any problems on behalf of the customer”

 

 

Heatingoil.co.uk

Cheap Heating oil: Get the best priceHeatingoil.co.uk is great for helping save you money, as well as having a dedicated aftersales team to deal with any issues you may have.

Their latest research shows that the ‘premium’ oil – or premium kerosene as it’s otherwise known – will help optimise the efficiency of heating systems and save consumers money in the process. You can save money by using a higher quality oil as it increases the efficiency of your tank or boiler.

How it works

Unlike the other sites, you can buy your oil directly from Heatingoil.co.uk. Their site claims to offer lower prices because they only do quotes online. This means they have less staff and fewer overheads, so they pass the savings on to the customer.

They’ll give you an instant quote if you enter your postcode. Then you can choose whether or not you want to carry on and buy your oil from them.

They also allow you to order your oil up to a month before delivery. They agree prices for up to 28 days in advance with their suppliers and you are guaranteed the price per litre you paid on the day, even if the oil price rises. Watch out though because conversely, if the price drops, you’ll be paying more and if you want to cancel and re-order they’ll charge you a £10 admin fee.

Unlike BoilerJuice, these guys take charge of all aftersales, so you will be dealing with them if any problems arise or if you need to cancel orders.

The best way to get the cheapest price on this site is to select a large delivery window. This flexibility means they can work your order around other orders in your area. And like BoilerJuice, these guys run group-buying days.

 

Check-my-tank.com

Check-my-tank.com are an independent company set up to help commercial and residential heating oil users make better decisions and purchase fuel efficiently. They install tank monitors in the top of each tank so that you, using an internet connected device, can see exactly how much fuel you have in your tank, the daily usage rates and when you will run out.

In the Check-my-tank App you can get reminders of when you should order fuel and then you can see prices in the app and purchase fuel directly through the app using a price comparison service. Thankfully you can’t order too much because the system knows the size of your tank.

The next version of the app will push delivery date confirmations back to the customer. Another neat trick is the app will even send you a message when it senses that a delivery has occurred and will also validate the amount delivered compared to your order.

 

 

Make even more savings

Time your order

It’s hard to predict when prices will rise and fall, but right now they are really low so it makes sense to starting looking to buy.

Ditch the direct debit

Try to avoid setting up a direct debt with a particular supplier. Being tied up to one specific company means you won’t always be getting the best price, because you won’t be able to choose exactly when to buy more oil. Also make sure you avoid automatic top-up schemes.

Negotiate

Never accept the first quote you’re offered by an oil supplier. Although it requires more effort, it’s best to follow the Moneymagpie mantra – shop around and compare prices. You can then use these quotes to negotiate with your preferred supplier, if you have one. Or just go for the lowest quote you’ve received.

Order in specific amounts

Remember that tanker deliveries are designed to return to the depot empty. If there isn’t enough room to put all the oil you’ve ordered in your tank, it will cost more for the tanker to return to the depot – and you’re the one who will foot the bill.

So – to avoid paying for oil you don’t get the benefit of, make sure you have enough space for the full delivery or only order the specific amount you’ve got room for.

Order in bulk

Getting together with your friends and neighbours from the local area will get you a better price from your oil supplier. The supplier will only have to send out one tanker that way, and they’ll be able to pass the savings onto you.

In addition, the more oil you buy at one time, the more power you’ll have to negotiate on price. The suppliers will be especially keen to get your business if it’s a large order, and they’ll be more inclined to offer you a cheaper price per litre. Don’t forget to check your tank, as well as your boiler – storage tanks should also be serviced once a year to check for signs of age and need for repair. These top tips should help you find cheap heating oil.

 

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Comments

36 thoughts on Cheap Heating oil: Get the best price

  1. As well as offering a great price on heating oil at valueoils.com there are tips on the blog about how you can make savings on your heating bills!

    Reply
  2. [email protected]

    Always use Universal Fuels nowdays, 9/10 times they are the cheapest but more importantly I don’t have to worry!

    Reply

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