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Isle of Wight Fuels - Supporting A National Campaign to Buy Oil Now

Wed 11 November 2015

 

Forecasters are warning of a cold winter so the local heating oil distributor Isle of Wight Fuels is urging the households across the Isle of Wight to buy their heating oil now before the weather affects deliveries and price. 

This message is also being backed by industry trade association FPS (Federation of Petroleum Suppliers) and with Minister of State for Energy Andrea Leadsom who have this week launched the 2015 ‘Buy Oil Early’ campaign.  

Chief Executive of the FPS Mark Askew comments: “Sutherland Tables, provider of comparative home heating costs for the most common fuels in the UK and Republic of Ireland has announced its latest figures showing heating oil is 45% cheaper than this time last year. The price of heating oil is currently cheaper than gas heating for the fifth quarter in a row so the FPS say it is a great time to buy, particularly if we are in for a bad winter.”   

David Grannum, General Manager at Isle of Wight Fuels said:  “When snow hits us deliveries of heating oil to mainly rural areas take longer and costs rise as we are forced to pay staff for longer hours to cope with the increase in demand and pay more for fuel to collect heating oil from refineries so we are advising homeowners to purchase their heating oil now while prices are low and we can get to them.”

Home heating costs using oil continue to dip well below the 4 year average with costs now sitting at approximately 50 - 53% lower than the 4 year average, for both existing and newer build dwellings in the UK & NI and householders are spending on average up to 45% less this winter than last year.  

Minister of State for Energy Andrea Leadsom said, “My priority is keeping bills low for hardworking families and businesses, and with winter on its way it makes sense to plan ahead. If you use oil to heat your home, buying it sooner rather than later will help you avoid longer delivery times as demand increases...”

David Grannum added:  “Every year we have a few customers who run out of heating oil and I think a lot of people are often taken by surprise when it snows and have to wait longer than usual to get their delivery. We pride ourselves on our service, and our drivers have been fantastic in some really tricky driving conditions, but they can be slowed down by the road conditions and occasionally just about brought to a standstill; at times roads can be blocked and they simply can’t get through the snow to some rural areas for a few days, but together with our trade association the FPS we always liaise with local authorities and follow the gritters into the worst affected areas. In some of the worst conditions like the winter of 2010 we heard from quite a few people whose regular supplier wasn't able to deliver to them for as long as three weeks. Our advice is always to plan ahead and fill your tank up sooner rather than later.”