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The Independent UK
The Independent UK
Albert Toth

‘I lost £1000 in a day’: Heating oil price spike leaves households and suppliers out of pocket

Oil United States Iran United Kingdom Northern Ireland the Consumer Council

Bill payers and business owners across the UK are grappling with rising costs as the outbreak of conflict in the Middle East continues to cause heating oil prices to spiral.

Home heating oil is used by around 1.5 million households in the UK, but sudden volatility in global oil trade has caused prices to spike by as much as £100 in the past week alone.

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