Oil: Northern Ireland
The question
To ask the Secretary of State for Energy Security and Net Zero, what assessment his Department has made of the potential impact of recent instability and conflict in the Middle East on (a) wholesale oil prices and (b) domestic heating oil prices in Northern Ireland.
Answered by Martin McCluskey
The Government is closely monitoring heating oil supply and price in light of instability in the Middle East. We recognise that wholesale oil price volatility is placing pressure on domestic heating oil costs, and we are engaging with industry to ensure supply and pricing remains resilient. The supply of heating oil is subject to competition and consumer protection laws overseen by the Competition and Markets Authority, who monitor for any irregularities.
The Warm Homes Discount Scheme continues to be available for low income off-grid households reliant on heating oil, while we work to support a transition away from fossil fuels to strengthen long-term resilience.
The government has and will continue to engage with the Northern Ireland Executive and continues to monitor developments in Northern Ireland.
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