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Heating Oil Prices Soar, UK Government Unveils Support Package

3/16/2026

Summary

Story summary

Heating oil prices in south-west England have surged due to the US-Israeli conflict with Iran.
Residents in Devon, Cornwall, and Somerset say heating oil bills have doubled since February 28.
Prime Minister Sir Keir Starmer announced a £53 million package for households reliant on heating oil.
The funding will be distributed by local authorities starting April 1.
The government is investigating price gouging, with the Competition and Markets Authority monitoring.

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Story summary

Heating oil prices in south-west England have surged due to the US-Israeli conflict with Iran.
Residents in Devon, Cornwall, and Somerset say heating oil bills have doubled since February 28.
Prime Minister Sir Keir Starmer announced a £53 million package for households reliant on heating oil.
The funding will be distributed by local authorities starting April 1.
The government is investigating price gouging, with the Competition and Markets Authority monitoring.