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Heating Oil Prices Soar Amid Middle East Conflict

3/12/2026

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Summary

Story summary

Heating oil prices have surged in the UK and Ireland, affecting about 1.5 million households amid the ongoing Middle East conflict.
Goff Petroleum cited significant supply problems.
Heating oil is not capped, unlike gas and electricity.
Rural MPs are urging the government to act to support vulnerable households facing rising heating oil costs.
The Competition and Markets Authority (CMA) is investigating supplier practices to protect consumers.

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Story summary

Heating oil prices have surged in the UK and Ireland, affecting about 1.5 million households amid the ongoing Middle East conflict.
Goff Petroleum cited significant supply problems.
Heating oil is not capped, unlike gas and electricity.
Rural MPs are urging the government to act to support vulnerable households facing rising heating oil costs.
The Competition and Markets Authority (CMA) is investigating supplier practices to protect consumers.