March 16, 2026

Sir Keir Starmer has announced £53 million in support for ‘those households that are most exposed’ to rising heating oil prices.

The Iran War has thrown the oil market into turmoil, with Rachel Reeves announcing last week that she would make a package of support for those who ‘really need it’.

It’s thought to be aimed at people who rely on heating oil, which is not covered by the energy price cap.

Sir Keir Starmer has unveiled a £53 million support package targeting households hit hardest by rising heating oil prices, a crisis worsened by the Iran War disrupting oil markets. While gas and electricity costs remain capped by Ofgem until June, roughly 1.5 million heating oil-dependent homes—excluded from this cap—are confronting skyrocketing bills as prices per litre have doubled, with ongoing geopolitical tensions threatening further spikes.

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