Heating oil stolen from UK homes amid surge in prices due to Iran war

LocalBusiness & Finance
13 Mar 2026 • 8:25 PM MYT
The Independent
The Independent

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  • Thieves are targeting heating oil tanks in Suffolk, with police reporting incidents in the Woodbridge area and warning against "rogue traders" selling contaminated fuel.
  • Heating oil prices have surged significantly, with reports of jumps from 62p to around £1.73 per litre, partly attributed to global events.
  • The Competition and Markets Authority (CMA) has launched an investigation into "troubling reports" of sudden price hikes, cancelled orders, and subsequent inflated quotes for heating oil.
  • Around 1.5 million homes across the UK, particularly in rural areas and Northern Ireland, rely on heating oil and are not covered by Ofgem's energy price cap.
  • Authorities advise residents to secure their heating oil tanks with CCTV and padlocks and to be wary of discounted, potentially contaminated oil from unofficial sellers.

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