Between 2000-2018, prices were clocking in at €778 on average, so €645.30 was still quite reasonable. Since the year 2000, the cheapest oil price in Ireland was €437.70 per thousand litres, and the highest was an eye-watering €1,655 per thousand litres in July of this year.Īs you can see from the chart below, oil prices have been steadily trending upwards over the last few years and by the 2021 year-end, a thousand litres was priced at €645.30. Consequently, the exchange rate for the dollar and the euro has a knock-on effect on prices. Also to be taken into account is that global oil prices are normally priced in dollars. Historically, global oil prices have been extremely volatile, and this has, of course, heavily affected the price of home heating oil in Ireland. In particular, the website Cheapest Oil offers a free unbiased oil provider price comparison service, while others charge a commission. Also clear is that prices can differ significantly depending on the supplier, so we would recommend shopping around. Source: OilPrices.ie - Prices current as of August 2022Īs we can see from the examples in the chart above, prices for home heating oil tend to be cheapest in Dublin and the surrounding area (Kildare, Meath), and increase the further you go from Dublin (e.g. Who Has The Cheapest Home Heating Oil Prices Near Me? County But are all home heating oil suppliers reflecting the increase in their prices? Let's find out in the table below which lists the cheapest oil prices in Ireland per county. The ensuing war in Ukraine has only fueled the global energy problem even more.Īccording to the price monitoring website, Global Petrol Prices, the price per litre of oil in Ireland has risen to €1.939 per litre in August 2022, compared to €0.61 in April 2020. At the same time, the demand for home heating oil increased due to so many people being at home. All this has meant a huge drop in oil prices in Ireland. With a large percentage of the global population in lockdown and many commercial activities suspended, oil demand dropped precipitously and in some cases was in negative value. Nobody could have predicted the 2020 lockdown and the ongoing effect it has had on the oil industry. To put this amount in perspective, the average price per 1000 litres of oil in April of 2020 was €350, close to four times less! The current cheapest oil price per 1000 litres as of August 2022 is €1,200. Select your favourite LED lights now! How Much Is Home Heating Oil Today In Ireland?
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