Summary
Heating oil prices have increased significantly in south-west England due to the conflict involving Iran. This has caused financial stress for many households, especially in rural areas. The UK government plans to provide financial assistance to help affected households with the rising costs.
Key Facts
- Heating oil prices in Devon, Cornwall, and Somerset have more than doubled.
- The price increase is linked to the Iran war, which began with air strikes on February 28.
- About 20% of the world’s oil and gas passes through the Strait of Hormuz, which Iran has threatened to block.
- The UK government will provide £53 million to aid vulnerable households.
- Gerald Salvat saw his heating oil quote increase from £345 to £825 for 500 litres.
- Alan Dickinson, a disabled man, reported heating oil costs over £770, doubling previous amounts.
- The funding will be distributed from April 1, targeting low-income rural areas using local census data.
