News: Heating Oil Prices and a Volatile Fortnight
13th October 2026
The heating oil market has seen significant fluctuations over the past two weeks, but there is some welcome stability for customers this morning.
After a period of sharp daily movements, with prices swinging by as much as 6–8p per litre, the market has remained stable overnight. Prices are currently around 4p per litre lower than Friday, offering some welcome relief to households preparing for the colder months.
The recent volatility has made it difficult for customers to judge the best time to order. Prices have moved sharply in both directions, highlighting just how quickly conditions can change in the heating oil market.
Colder weather puts heating oil back in focus
With autumn well underway, grey skies, wetter weather and colder mornings are becoming increasingly familiar across the UK. As households begin using their heating more regularly, keeping an eye on heating oil levels and prices is becoming more important.
For customers with tanks running low, the current price movement may present an opportunity to review their options and secure a price they are comfortable with.
What happens next?
Although prices have settled overnight, the outlook remains uncertain. Further reductions are possible, but another upward movement cannot be ruled out given the significant fluctuations seen recently.
The Heating Oil Club encourages customers to check prices regularly, particularly in the morning when daily prices are typically updated at around 9am. Monitoring the market allows households to make an informed decision based on their own circumstances and how much oil they have remaining.
With winter approaching, staying informed and planning ahead can help customers avoid leaving their order until the last minute.
Our message to members is simple: keep checking, stay informed and order when you find a price that works for you.
The Heating Oil Club will continue to monitor market movements closely and keep members updated as conditions change.