- The Competition and Markets Authority (CMA) has warned heating oil suppliers to honour agreed prices amidst soaring costs driven by the Middle East conflict.
- The watchdog stated it would 'not hesitate to take action' if it suspects breaches of consumer or competition law.
- Around 1.5 million UK households rely on heating oil, with prices increasing by up to £100 in the last week, a problem particularly severe in Northern Ireland.
- Heating oil customers are not protected by Ofgem's energy price cap, making them vulnerable to market fluctuations.
- Energy Secretary Ed Miliband and energy minister Michael Shanks have written to the industry body, reminding them of their obligations and confirming the CMA is gathering evidence on fair consumer treatment.
IN FULL
Competition watchdog warns suppliers over soaring heating oil costs
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