Oil Prices Soar

As VAT soars and wages don’t, heating oil prices are still rising with no indication of slowing down anytime soon.

The picture to the right shows the prices of heating oil as of the 18TH of December (based on 500 litres). Over the past few weeks alone, the price per litre has risen from 60p to 62.05p.

As well as the oil prices soaring, there is also the VAT increase to 20% which has left the consumers asking, is it all too much at once?

So how can you save money? Here are our top 3 tips:

1: Adding insulation to your home reduces the amount of heat loss and therefore saves money.

2: Wearing more layers in the house makes you warmer so then you don’t have to turn up your heating.

3: Draw your curtains at dusk to help keep the room warm.

Even though the prices continue to rise, remember that there are still practical steps you can take to help save money.

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