Price rise contingency plans 'ready if needed'
Summary
The Isle of Man government has prepared backup plans to handle rising prices caused by the conflict in the Middle East. Fuel and heating costs have increased sharply, but officials do not expect major public service disruptions. Support for vulnerable households is being maintained, though no new subsidies are planned.Key Facts
- Wholesale heating prices increased by 70%.
- Diesel prices reached 189 pence per litre; petrol prices reached 154 pence per litre.
- Filling a 900-litre heating oil tank costs £400 more than three months ago.
- The government says contingency plans for essential services are ready if needed.
- Officials warn that higher costs will likely raise food prices later due to fertilizer price increases.
- No specific winter support programs or subsidies are planned currently.
- The government maintains vulnerable customer lists with energy suppliers to protect those in need.
- Energy efficiency and reducing consumption are highlighted as long-term solutions over subsidies.
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