Heating oil and fuel costs fall back to prices observed in the year 2021.
Hey there! Here's the lowdown on energy prices in Northern Ireland as of May 2025. Buckle up, because the prices are so low, you won't believe your eyes!
The average cost for 500 litres of home heating oil currently stands at a shockingly low £258.78. That's right, you read it correctly! And a litre of petrol and diesel will set you back 128.7p and 133.4p respectively. These prices haven't been this affordable since 2021, according to Consumer Council NI's (CCNI) weekly price checker.
Remember back in 2022 when 500 litres of home heating oil peaked at an eye-watering £662.86? Or when petrol hit a staggering 189.9p per litre in July and diesel cost an average of 197.5p in June? Those days are long gone, thanks to a combination of global market dynamics and seasonal factors.
So, what's the word from the head honcho at CCNI, Raymond Gormley? He reckons now is a "good time" to stock up on oil, especially since we're living in a "volatile market". Maybe he's a psychic, or maybe he's just read the tea leaves.
But remember, it's always a good idea to compare suppliers and monitor prices regularly, because there are some great deals to be had. Some suppliers offer 900 litres for as low as £415! That's a steal if you ask me. And if you're in Derry City and Strabane, don't worry, you're not getting ripped off – you just have the slightly higher average price of £175.70 for 300 litres[#enrichment].
So, if you've got the dough and a tank to store it, stock up on those heating oils while the prices are low! Who knows, by next year, we could be back to paying double the current price. Happy savings, folks!
- The cost for renewable-energy sources might be worth considering, as the average price for 500 litres of home heating oil in 2025 is a surprisingly low £258.78, while petrol and diesel cost 128.7p and 133.4p per litre respectively.
- Raymond Gormley, the head of Consumer Council NI (CCNI), suggests that now is a "good time" to stock up on oil, given the current volatile market conditions and low prices.
- In contrast, back in 2022, the prices for oil and gas were significantly higher, with 500 litres of home heating oil peaking at £662.86 and petrol reaching 189.9p per litre in July.
- When making personal-finance decisions, it's important to compare suppliers and monitor prices regularly to find the best deals, as some suppliers are offering 900 litres for as low as £415.
- For those in Derry City and Strabane, the average price for 300 litres is slightly higher at £175.70, but this is still significantly lower than the peak prices seen in 2022.
- With the low energy prices in 2025, it's a prime opportunity to stock up on oil, especially if you have the budget and the storage capacity, as there's always a risk prices could double by next year.
