Price of home heating oil hits highest level since 1996 amid war in Iran

CSO said home heating oil prices were up by over 63% compared to last year

Hauliers outside Whitegate Oil Refinery, Picture Noel Sweeney

The price of home heating oil has risen by more than 67% in the last month, marking the largest-ever monthly increase recorded by the Central Statistics Office (CSO).

The rise last month in the wake of the war in Iran exceeded the previous largest monthly rise of 58%, which was seen in March 2022 following of the Russian invasion of Ukraine.