'I fear for wee families' - home heating oil jumps £100 in three weeks

📰 source: bbc_business · 💼 business

home heating oil prices in northern ireland jumped almost £100 in three weeks, with 500 litres rising from £346.59 to £445.37 — a 29% increase. the consumer council for northern ireland (ccni) blames the escalation of fighting between the us and iran, disrupting oil routes.

about two-thirds of ni households rely on heating oil, the highest in the uk. residents interviewed expressed fears for families, with one saying switching to gas used to be cheaper but now costs match. ccni's raymond gormley said prices will stay high until us-iran negotiations resume.

why it matters: a 29% spike in heating oil costs in three weeks hits two-thirds of northern ireland households, with geopolitical tensions driving prices.

source: bbc_business
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