Calls for new price cap on heating oil as cost of living rises

BBC reports that around 1.5million households in rural areas use oil to heat their homes and like other forms of energy, the cost of oil has spiralled in recent months

However, those who use oil are not protected by the energy price cap due to UK environmental goals.

The government has issued that it has no plans to set a price cap on heating oil but have offered that the supply of heating oil and liquid petroleum gas were subject to UK competition law and consumer protection.

According to the website BoilerJuice, kerosene was selling for almost £1.34 per litre on 8 March, which makes the cost of 500 litres £703 including VAT - more than double the October price of about £340.

Critics have suggested that a regulator or other legislation is needed to protect people with no option but to use heating oil.

Citizens Advice would like to see the government expand its warm home discount and make it more generous for people on lower incomes, to offset higher energy costs.

Full article:

The BBC - Calls for new price cap on heating oil as cost of living rises

The Telegraph - Calls for new price cap on heating oil as cost of living rises

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