Story perspectives

Starmer Vows Action Against Heating Oil Price Gouging

3/12/2026

Summary

Story summary

Prime Minister Sir Keir Starmer announced that the UK government will not tolerate profiteering by heating oil suppliers amid rising prices linked to the Middle East crisis.
During his visit to Belfast on March 12, he emphasized the need for fair and transparent pricing, noting that two-thirds of Northern Ireland's homes rely on heating oil.
Starmer said that if companies unjustifiably inflate prices, the government will intervene, potentially through regulation.
He highlighted the impact of global instability on working families and reaffirmed his commitment to addressing the cost of living crisis.

1 of 1

Story summary

Prime Minister Sir Keir Starmer announced that the UK government will not tolerate profiteering by heating oil suppliers amid rising prices linked to the Middle East crisis.
During his visit to Belfast on March 12, he emphasized the need for fair and transparent pricing, noting that two-thirds of Northern Ireland's homes rely on heating oil.
Starmer said that if companies unjustifiably inflate prices, the government will intervene, potentially through regulation.
He highlighted the impact of global instability on working families and reaffirmed his commitment to addressing the cost of living crisis.