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Off peak electricity versus oil

I have just changed from storage and emersion heaters to oil central heating but still have my economy 7 electricity meter.

Can someone say which is cheapest to heat domestic hot water, either off peak electricity at 3.1 pence per unit, or oil at 25.73 pence per litre.

My oil boiler is a Grants, Multi Pass 50/70 sealed system model.
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