Energy Minister Charles Hendry has predicted that heating oil prices are certain to rise as we go into the winter months. His comments come following an OFT report that suggests there are questions to be answered by comparison sites, which were not independent, and by unscrupulous suppliers, who charged a higher price than they initially quoted to the customer.
However, I’m pleased to say that the Office of Fair Trading did conclude that the heating oil market remained competitive and did not need price regulation, as I suggested in a previous post .
Commenting on the unseasonably high heating oil prices we have witnessed this summer, Hendry said, “What we have seen this summer is that we haven’t seen the expected drop which one would find. I think after a year when we have had the unrest in the Middle East, it is clear that wholesale prices are higher and therefore it is understandable why that drop hasn’t been so great.”








