Texoil dropped prices by 60euro for 1000 litres since friday. Was 640 now 580 in Galway It's going to be cheaper in 2-3 weeks as crude oil dropped 23% on todays markets
The price of crude oil is tanking today.
Well, I'm not talking about prices changing every other day I'm referring to the fact that one premises in NI was selling kero 19 cents a litre more than another establishment on the same day. That's a rip off in anyone's language.
I do however hope your prediction is correct.
Trump has said the US Navy blockade stays put. Ugh.
Without a doubt. A nice window is opening up. Until the US-Iran ceasefire ends next Tuesday, you wouldn't know, prices could get back to 1400 for a 1000l.
A long way to go to 950 though and that won't happen for minimum 6-12 months while a risk premium attachs.
Time the change the thread title back to "Heating Oil Big Drop"…😁
What about the bull whip effect of a sudden glut followed by the 6 weeks of next to 0 oil pumping during the war
I doubt enough (if any) ships made it through before the shooting started again today and closed everything again to make much of a short term difference.
Only long term plans I'm making for next winter is organising getting my solid fuel supply sorted and the fireplace back in working condition after a 20 year break for it. Thankfully I kept the back boiler connected when installing the oil to make it duel fuel heating and put in a fire front door to keep the draughts out.
This could be a busy summer for the chimney sweepers!
That's literally what is happening. One seller could have bought last Monday and paid £1.05 a litre and another could have bought on Wednesday and paid 95p.
The place that bought at £1.05 suddenly finds business very slow and it takes longer than normal to sell through the higher price fuel before buying at the new lower price.
Hence their price stays higher for longer.
Needing to order kerosene for my elderly relative, anyone know any codes for discounts? Maybe for Certa (Meath East Area)
Try Tesco30
Thank you, that made the pain, a little less 😒
And keresene at petrol stations arent a big seller so they could get stuck with the dearer keresene for a long while.
People will believe what they want.
Shur the government said its petrol stations that are gouging and our oil is unaddected by iran cause we fet it from the north sea. .
The next week people were protesting fuel prices.
Now any time a petrolstation is dear, they are gouging.
The answer if you think they are gouging, go elsewhere
Whilst almost 20c a litre came off the prices, unfortunately it looks like prices will move up again due to the shenanigans of trump.
While the Strait of Hormuz stays closed, prices will stay elevated. But there will be an agreement at some point as the gulf states themselves are getting a little pissed off with trump and will put pressure on him. Once it opens properly, prices will drop substantially and quickly.
Use code MAY10 for 10 euros off 300 litres from Top Oil.
Gonna order 300L from certa. Doesn't look like any of the discount codes work anymore
I think Sms20 still works.
Yep it's still working, €716 for 500 litres.
Gone up a tenner overnight to €726😡😡 they're unbelievable robbers...
You could say the same about the oil delivery companies sure. Whatever they have in stock they paid a premium for it and it has to be shifted at a price that they can profit from. I'd be surprised if any retailer is holding on to more than half their max supply of kero. Most likely they will wait for the price to drop and fill their premises supplies again
Oil price had gone from about $100 to $113 over the past 2 weeks. Now dropping back a little. Refinery margins have steadied between $45-$50 for diesel/kero, but did jump from about $10 to almost $30 for petrol - hence approx 8c-10c increase in petrol prices in the past 3 weeks.
Supplies of refined kero/diesel/jet fuel (and crude oil) are not far off "normal" levels as new sources such as USA, Venezuela & North Africa are supplying Europe. Refining margins are still high from a historic point of view, but the $80-$90 margins we saw in March and April won't be coming back even if the strait of Hormuz stays blocked.
Whilst the blockade continues, kero will be in the €1350-€1400 range for 1,000 litres. Similarly for road fuels, prices will be steady and unlikely to see much movement up or down.
Looking ahead. There is a very strong possibility of a glut and a very substantial price drop - but that is entirely dependent on a complete opening of the Strait of Hormuz.
The reason a glut may be on the horizon in that scenario is we have refineries in other parts of the world now suppling Europe (and other countries), oil production elsewhere is elevated and supply is near 95% of "normal" levels without Middle East supply. (Middle East had supplied 20% of world oil and over 30% of Kero and Jet Fuel)
The Middle East have lost hundreds of Billions of dollars in revenue and have oil literally gushing out and every storage facility and tanker is near full. That will lead to an oversupply in the market and a plunge in price.
But it will only happen when the risk levels in the middle east drop back to pre Trump's war levels. No-one is able to forecast when that will happen and the market now completely ignores what that orange fools says.
In a way, the current blockade suits trump as the US is a major producer of oil and refined fuel and their exports of fuels is soaring to unprecedented levels.
Government making millions upon millions on inflated prices but it’s al the Donald’s fault.
Have a look at whose making the real money on it
I have looked, they blamed putin for oil prices around the same time Ukrainians came here in Teslas and bmws supposedly fleeing war do you believe that also?
Yes I do because at that time Europe was using a lot of Russian oil. It certainly had nothing to do with what brand of car a Ukrainian family were driving, what a petty and childish remark to make.
This is simply not true and yes it is the orange gobshites fault
Back in January the govt was taking in 1.31/L on petrol and 1.27/L on diesel
The price is now around €2 but because the pre-tax price has gone up and the govt dropped their excise by 27c/32c the govt are now making €1.10 on a liter of petrol and just over €1 on a liter of diesel
https://www.theaa.ie/wp-content/uploads/2026/02/AA_Fuel_Prices_Feb-2026.pdf
https://www.theaa.ie/aa-membership/fuel-prices/
& who do you think is making the real money on the higher energy prices?
I don't think it's an either / or situation, as if we need to choose between blaming Trump or our government.
The government may not be making as much of a profit but when they have billions in a supposed "rainy day fund" or whatever they call it now, they could take way more of a hit to their profit in order to look after the people. Whatever about the petrol, the fact that they're not stepping in with the home heating oil is a disgrace. It doesn't help that it's been a particularly cold start to the summer. I know so many elderly people who are waiting it out in uncomfortably cold conditions in the hopes of warmer weather and then lower prices before next winter. That's the situation we are in here ourselves and we are just about managing with no heating. For elderly or otherwise disadvantaged people, it's really not ok.
On the other hand, anyone who can't admit that Trump is to blame is either deluded or just out for an argument. In any case, there's just no point in trying to reason with anyone who's defending him. That's part of what makes the whole situation so worrying.
I think the idea is that those billions should be used when the next recession comes along to ensure jobs can be maintained and economic growth doesn't get hampered too much. Subsidies for fossil fuel has no long term benefit, some would say it's the literal definition of money going up in smoke. The orange idiots war will eventually end and then the fuel subsidies will need to be reversed which always causes people to complain so it doesn't even buy votes in the long term
AA figures are wrong.
I have never found the AA to actually understand the make up of fuel prices.
The better energy levy is not a government fee, it's a fee the fuel companies themselves add and it's 0.13c - as in about 1/7th of one cent.
Previously it was estimated at 0.08c, as in about 1/12th of one cent
AA have read this as 8c. They are 7.83c out because they simply couldn't be bothered to check not actually understand how pricing works.
Btw, The BIG winners are refineries. And the USA who have massively increased their oil supply and fuel supply to the world market. - You'd almost think trump wants the situation to continue.
They've corrected that error.
