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Northern Ireland heating oil prices surged 41% to a three-year high due to Middle East tensions and supply disruptions.
Home heating oil prices in Northern Ireland rose 41% to a three-year high of £434 for 500 litres, driven by Middle East conflict escalating tensions, crude oil spikes, and supply concerns, including a drone attack on Qatar’s LNG facilities.
European gas prices jumped nearly 40% to €45 per MWh, threatening recent declines in domestic energy costs.
Despite this, SSE Airtricity announced an 8.1% tariff reduction effective April 1, the fourth cut since mid-2023.
Tánaiste Simon Harris warned of economic risks including inflation, market volatility, and supply disruptions, with Ireland’s economic forecasts to be updated by the end of March amid ongoing uncertainty.
Los precios del petróleo para calefacción de Irlanda del Norte aumentaron un 41% a un máximo de tres años en medio de las tensiones en Oriente Medio y las preocupaciones por el suministro, mientras que los precios del gas en Europa aumentaron casi un 40%.