Home heating oil prices

European diesel and kerosene prices have hit $1090 per ton (1,000L) on 1000 barrel contracts (159,000 liters)

So the cost price of kero/diesel this morning from refineries for supply of 159,000 litres is $1.09. About 96c in Euro

This will not last long and prices will drop back. Refineries are literally making a fortune due to demand.

But short term, expect kero €1500-€1600 for 1,000 L and diesel will be €2.20+ at the pumps.

If you have a petrol car, there's has been a very small increase in refining margins, so just the oil price change will feed in. Likely to stay well under €1.90

Unless you really need kerosene, don't bother even looking at prices. This is short term stupidity in the international markets and considering that prices have soared in the US too, you can be guaranteed the war mongering pr1ck in the white house who is the SOLE cause of these price hikes will have to do something as American hate high fuel prices and many use kero in heating

McPartland is wrong, it's about suppliers making more profit while people panic buy. With that being said, I do have sympathy for the people who ran out of oil over the weekend. Less sympathy for those who have a half-full + tank and just want a top-up

???

…Dont forget code NY10 for €10 OFF ! 😁

The conclusion many of us have come to already in fairness

I'd say its fairly hectic in the suppliers offices atm.

Several suppliers not even in quoting on cheapestoil.ie atm eg TopOil, Corrib

Can't see the point of that guy. Waffles on like a politician

That's exactly the point of him getting plenty of airtime like the publican reps did during Covid and pushing members interests. He reminds me of Tom Parlon who was better at pushing brand Parlon above any of the groups that he was representing.

Hi all,

I run oilcomparator.ie which automatically tracks home heating oil prices from all the main Irish providers twice a day. This week is the worst we've recorded since we started, and I think people should see the numbers.

The context

The Middle East escalation is hitting global oil markets hard right now — that's the driver and it's real. But here's what that means in practice for Irish consumers, and more importantly, here's what you can do about it.

Where we are vs. where we've been

Prices this week have surpassed the peak we saw during the Ukraine war. On 8 February, 1,000 litres cost around €750. This afternoon, KlassOil and FlynnFuels are charging €1,849 for the same order. Even the cheapest provider today — €1,389 — is at or above what people paid at the worst point of the 2022 crisis.

The jump this morning alone: we recorded €1,389 at midnight and €1,849 at noon for those two providers. €460 in 12 hours.

The €460 opportunity

Not all providers are repricing at the same speed. Right now:

• KlassOil / FlynnFuels: €1,849
• TopOil: €1,395
• CorribOil: €1,394
• RightPriceOil: €1,389

That €460 gap is real money. If you're buying 1,000 litres today, the provider you call matters enormously. This gap tends to close over time as all providers converge upward — so the window to benefit from it is now.

What's happening on provider websites today

This is worth noting. Today of all days:

• CorribOil website: down ("We'll be back shortly")
• TopOil: online ordering disabled ("please call your depot")
• FlynnFuels, KlassOil, RightPriceOil: online forms cap at 500L — you can't order 1,000L from their websites at all

So you cannot order 1,000L online from anyone right now in Ireland. You have to ring. When you ring, you can't compare prices easily. Whether that's coincidence or not — you decide.

Questions I'd like to see answered publicly

• Irish distributors typically buy supply on forward contracts — weeks in advance at agreed prices. How much of the oil they're delivering now was purchased at pre-crisis prices? Is that reflected at all in what consumers are being charged today?
• A €460 gap between providers suggests different pricing decisions, not just different market conditions. What explains it?
• Is the CRU looking at this? I know oil isn't regulated the way gas is, but during a week like this some oversight seems warranted.
• Has any TD raised heating oil costs this week? Rural households have no short-term alternative to oil.

What to do

Compare at oilcomparator.ie before you ring anyone. The data is updated twice a day and the difference between providers right now is nearly €500. If you don't need oil urgently, set a price alert — markets that move this fast often partially correct, and we'll notify you when prices drop to your target.

As of Wednesday night Mr Oil is €879 for 500L!! Is this a joke?

I paid €560 for the same amount on Sunday morning..

My point being, the crazy money being charged in a few short hours isn't being used to pay drivers overtime. The two drivers I know do not get paid overtime, one drives for a company and the other drives for a rural based one man operation, they're given a list of drops and either they get them done within the 8 hour day or anything not delivered is done the next day. In the busy times they call in part-time drivers.

Certa now almost at the €900 mark for 500L

Still expensive, but maybe we're over the worst of it? My experience -

Bought 300 litres from local supplier here in Wexford back in December. The cost then was €299.

Checked the tank yesterday afternoon, expecting to see we had enough for another month or so, and was shocked to see it was nearly empty. Decided I'd no choice but to order again, despite the price. And the price I paid yesterday afternoon for 300 litres was a whopping €569.

But have just checked the price there again, and it's now come down to "only" €510. If I'd held off until today, I'd have saved €59. Them's the breaks, as they say. Bit like when you book a flight, you should never check the price of the same flight again afterwards, as you could only be annoying yourself!

Incidentally, their price for 500 litres right now is €839. Again, still expensive, but not as bad as that Certa price above.

Wrong Price Oil..