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Posted by Bob Burton
Red diesel customers could find now a good time to compare prices for the fuel after the cost per litre decreased significantly this week.
On March 27th, the price hit a level of 72.57 pence per litre (ex VAT), which represented the highest charge for the fuel since December 2010.
However, since then, red diesel has been on a steady downward trajectory, reaching around 71.2p per litre on May 12th and then decreasing again to 70.3p per litre on May 17th.
This was not the end of the decline either, as the commodity dipped to 70.6p per litre on 21st of May and then to 69.4p per litre today (May 27th).
It could mean individuals able to capitalise on the price movements are eager to stock up on red diesel while the weather is good - indeed, it is likely to be Britain's Mediterranean-like temperatures over the past few days that have prompted the declines.
Buying and storing the fuel now will mean there is plenty available come autumn when the weather cools down again - although it is vital to keep it securely in order to deter thieves.
Click here to see the latest red diesel prices
Every day we check the lowest 1000 litre price of home heating oil from all our suppliers in all postcode areas and we log the minimum, maximum and average of all these prices. We then provide that information to you in a graph so you can make better decisions when buying your heating oil.More info