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  • FIRST POST
    Xbert
    Target price for domestic heating oil
    • #1
    • 1st Feb 05, 5:09 PM
    Target price for domestic heating oil 1st Feb 05 at 5:09 PM
    Insert From Martin

    Where to find the cheapest fuel oil isn't easy. While gas & electricity price comparison services are common place, the same isn't true for fuel-oiled heating.

    The discussion that follows is a merger or two that contained much information. The answer seems to be 'get lots of quotes, and don't believe the hype'.

    In the third message of this discussion you will see a list of comparison sites, and then in the sixth a press release from a newly launched company. Please do enter the discussion, hopefully together as collective MoneySavers we'll find a solution.

    Our fully researched Cheap Heating Oil guide may also be helpful.

    Martin

    _______________________________________

    Original Post below....



    I posted this first in the 'I wanna ..' forum, this looks more appropriate.
    First price is 24p/litre last week in Cornwall. I'm going to start getting some quotes for myself. If people think it's useful I'll put them up here. I know the suppliers respond to the spot market for oil, but at least some idea of what the going rate is might be useful to somebody, somewhere!

    Quotes will be for 1000 litres of standard 28ps heating oil, excluding VAT.

    Target price for domestic heating oil
    Does anybody know where to find target prices for domestic heating oil (1000 litres of 28ps)? It's pretty unrewarding phoning around all the distrbutors and the boilerjuice and greenwelly (yes really!) websites both returned prices that were worse than I could get straight off the bat.
    It's hard to believe that in this day and age of consumer regulation up the Ying-Yang there appears to be none that applies to heating oil.

    Thanks.

    First post so please be gentle with me!
    Last edited by Former MSE Zorica; 19-02-2014 at 1:14 PM.
Page 50
    • G_M
    • By G_M 9th Mar 18, 11:10 PM
    • 44,750 Posts
    • 53,264 Thanks
    G_M
    Prices jumped during the Beast from the East.

    They were rising slightly before the snow hit (45ish to 49ish), then way up to 59. Ouch!

    It's demand driven and profit-taking, as world wholesale prices have actually fallen....


    • A. Badger
    • By A. Badger 12th Mar 18, 12:54 PM
    • 5,201 Posts
    • 6,608 Thanks
    A. Badger
    Just out of interest, I thought I'd see what the bandits are charging for oil this week, now that the cold spell has passed. It turns out that neither Boilerjuice nor Homefuelsdirect are offering quotes at the moment for my area (Kent) because of high demand.

    I can wait until they need to compete again.
    • Begsey
    • By Begsey 13th Mar 18, 10:54 PM
    • 48 Posts
    • 27 Thanks
    Begsey
    Paid 47.67ppl inc vat for 1000 litres when the snow was at it's worst. They couldn't get through for 3 days though, due to the snow.
    That was a good 3 or 4 ppl cheaper than I could get it from anywhere else, including via local buying groups.
    Some of the sites were even more expensive if you wanted it within a couple of days.
    If you're in Central Scotland, Bilsland is worth a call for a quote, 3 tankfuls now, they've been cheapest for us each time.
    • G_M
    • By G_M 23rd Mar 18, 5:08 PM
    • 44,750 Posts
    • 53,264 Thanks
    G_M
    Prices vary hugely at present.

    Cheapest today (midlands) was 47.23 from https://theheatingoilclub.co.uk/

    Most expensive was 59.89 from https://www.boilerjuice.com/

    with various prices in between
    • A. Badger
    • By A. Badger 29th Jun 18, 7:17 PM
    • 5,201 Posts
    • 6,608 Thanks
    A. Badger
    Received an email marketing shot from Boiler Juice today, suggesting oil is about to increase in price.

    My first reaction was: 'that means it's about to go down'. My second reaction was: 'that means it's about to go down'.

    But is it? Anyone got an informed opinion?
    • fyr
    • By fyr 30th Jun 18, 8:23 AM
    • 52 Posts
    • 26 Thanks
    fyr
    A useful reference for pricing:
    http://www.mychieveley.co.uk/index.php?page=50
    Gel
    • G_M
    • By G_M 14th Jul 18, 4:53 PM
    • 44,750 Posts
    • 53,264 Thanks
    G_M
    A useful reference for pricing:
    http://www.mychieveley.co.uk/index.php?page=50
    Originally posted by fyr
    There are dozens of online companies, re-sellers, clubs which give instant pricing.

    More interestingly, my own club commented yesterday on current price trends as follows:
    The price of crude dropped by over $4 a barrel this week as Libya re-opens 4 ports to oil exports, increasing supply and surprising the markets.

    In grouping this week's orders we ...have secured a rate, and our club's group oil order terms for this weekend are as follows:

    Rate: 0.4795 (pence per litre excluding vat [5% for Domestic use]. There are no surcharges or admin fees)
    so I'm hanging on for further drops.......
    Last edited by G_M; 14-07-2018 at 4:55 PM.
    • A. Badger
    • By A. Badger 14th Jul 18, 9:25 PM
    • 5,201 Posts
    • 6,608 Thanks
    A. Badger
    I'm getting a little suspicious about these 'oil clubs' - mine used almost identical wording in their Saturday morning epistle. Could it be that they take their lead from oil companies? I wouldn't be at alll susprised.

    What seems to have happened is that prices took a real and unexpected tumble. In response, Boilerjuice had the barefaced cheek to describe that as 'volatility' and suggest customers buy now. Said local oil club wasn't much less brazen, having also advised the same 'buy now' policy the week before! A 'sorry, we got it wrong' would have been more appropriate.

    I, too, am hanging on.
    • G_M
    • By G_M 15th Jul 18, 7:57 AM
    • 44,750 Posts
    • 53,264 Thanks
    G_M
    You're right A.Badger. I have never, never, seen an oil company, buying club, or commercial group buying company (eg boilerjuice etc) recommend 'Wait and buy later'.


    Another suspicion about buying clubs - don't assume because of their blurb (local group buying power, no admin costs etc etc) that they are cheaper than ordering direct.


    Don't assume anything. Always compare & always haggle - it's the only way to get the best price.


    A largish local club to me is run by an individual. It transpires he gets free oil from some companies for directing group orders to them. I've only once ordered via them as I've always been able to beat his price by ringing round myself.


    'Annoying' does not cover it.
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