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54 posts written by Andrew Higgins.

Do Red Diesel Users Benefit from Low Global Oil Prices?

9th August 2016 by Andrew | write a comment

Alongside Brexit, another topic that has perpetually been making headlines for months, if not years, is the return of low oil prices after over a decade of historically unprecedented highs. The price of oil per barrel as measured by the Brent crude standard reached a high of over $120 in early 2012, and remained around a steady $110 per barrel until the middle of 2014, when the price swiftly dropp… Read more

European Commission Takes UK to Court over Marine Red Diesel

7th July 2016 by Andrew | write a comment

When thinking about the legal use of red diesel, or gasoil, as it’s also known, what comes to mind? Agricultural vehicles are probably the first category that occurs to most people, but a lesser-known instance is in private pleasure boats and yachts, provided that duty is paid on 60 per cent of the fuel purchased. In many EU states, marine use of gasoil is banned, and since 2014 the topic ha… Read more

The Main Uses of Red Diesel

30th June 2016 by Andrew | 1 comment

Sometimes, there is some confusion about red diesel fuel and regular automotive white diesel fuel. In terms of chemical make-up, there is no difference at all apart from the fact that red dye has been added in order to determine which diesel is being used. When purchasing, red diesel is also a lot cheaper than normal diesel and is intended to be used in vehicles in the agricultural and constructio… Read more

How will the UK Brexit vote affect UK heating oil prices?

27th June 2016 by Andrew | write a comment

On Thursday 23rd June 2016, the UK voted to leave the EU in an historic referendum. The result came as a shock to many, and the stock and currency markets were no different, having bet on the UK voting to remain as a member of the EU. In the week leading up to the referendum, heating oil prices were fairly flat, while sterling strengthened significantly vs the US$. If you are planning your fue… Read more

Red Diesel Prices Low Due to Oversupply

21st June 2016 by Andrew | write a comment

Following a pre-Budget rise of up to four pence per litre on widespread anticipation of an increase in duty, oversupply is currently keeping the price of red diesel fuel in a narrow range. However, with daily movements of up to one penny per litre, the market is currently described as being spiky. In the past two weeks, this has put typical deliveries of red diesel to farms at around 35-38 pence p… Read more

Heating Oil Is The Cheapest Way To Heat Your Home

1st June 2016 by Andrew | 1 comment

Great news for heating oil users as reported by the Fuel Oil News New industry figures show that despite a slow increase in heating oil prices since the start of 2016, the average annual cost of heating a home on oil has fallen again. According to the latest quarterly data from the Sutherland Tables oil remains by far the cheapest of all major home heating fuels.  Although the sustained fall in … Read more

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    • Sariah Meagle I was not aware that oil heating systems are efficient as you mentioned so I'll consider this option for my new home. I do agree that if I get the right system, it has cheaper pricing as you pointed out to keep them functional. Since you said that they are ideal for keeping safety, I might be able to keep my home so I'll have a contractor install one for me as soon as possible.
    • Warren Davies Hello, I’m in the process of buying a vintage helicopter that is happy to run on red diesel. Is this legal for a flying machine? Thanks Warren
    • Duncan Lance The cost it takes to heat your home with oil is definitely one of the factors to take into consideration when choosing it. As the article points out; fortunately, heating oil is fairly cheap for the home. However, you will need to keep other costs in mind such as the price for having it delivered to your house.
    • Gordon The minimum distance should be 600mm, not 760mm. And why is it a silly idea? If you spend most of your time doing that then I pity your customers!
    • Elizabeth Mills Is there any danger of explosion of the kerosene in our oil tank due to the very hot weather we're experiencing? It's been 33 degrees Celsius lately and the tank feels very warm. Hoe stable is kerosene at that temperature?
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