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Central Heating Oil Prices


Watch central heating oil prices and buy at the right price.

An impossible task at first glance?
Not necessarily so.
Just set up a T.S. Syndicate.

A TWENTY SOMETHING SYNDICATE

Most people in rural areas have no alternative but to use central heating oil as their main source of heating. Because of their location, it is often difficult for them to save money.

This scheme should be of particular interest when taking into consideration the recent huge hike in central heating oil prices

Because the volume of central heating oil that one sole householder can order will be low in tanker terms, i.e., probably maximum 600 gallons, the price is likely always to be high.

SETTING UP THE CLUB/SYNDICATE

This situation just needs one or two people to set up a loose group of up to 20 members all wishing to cut their heavy heating bills. Make it clear to members of the group that orders will be taken for March, July and December.

If you live in a village or small community this method is very easy to establish. Alternatively, ask around if you belong to a sports club, Women’s Institute or similar. If you have a local parish magazine, so much the better. Alternatively a notice in the local Post Office or Village Store (if you still have one) should bring results.

If you cannot manage twenty members, even a group of half-a-dozen should be viable.

First of all approach your local supplier saying that you have ‘X’ number of people in the village/vicinity all wishing to take a delivery of central heating oil on a set date.

Point out to the company that this would involve just one destination, one tanker and one man and that deliveries would be close to each other. Then bargain hard for a discount on central heating oil prices. Here you may need to speak to the Manager of the depot who will probably have greater authority than your usual telephone-sales person.

Try at least one company because it is quite likely that prices will vary with some companies being more entrepreneurial. They should give you various prices depending on how many thousands of gallons you will be ordering. Get some illustrative prices for varying quantities of oil i.e. third of a tanker, half a tanker or a whole tanker - this should reflect in the central heating oil prices quoted. Next you will need to contact all the members of your group saying that you have negotiated an approximate price of ‘X’ pence per litre and that the proposed delivery of the oil will be on XXX.

The central heating oil price you give will only be an illustration at this stage because until you have received all their orders this final price is not definite. Also, it must be borne in mind that prices fluctuate and therefore you will probably have to obtain your final quotation from the chosen supplier reasonably near to the delivery date.

BUT it is important that you are firm with your prospective customers.
The price is…...... and delivery is…...... Also make it quite clear what type of oil is being ordered.

THE REWARD A venture of this type needs a capable person(s) with good organizing abilities. The benefits are obvious. Therefore, it would not be out of order for the person doing the ordering to charge a small fee for so doing - either from the group or from the oil company.

Best of luck in organising your own particular T.S.O Club.

NB.If you are unable to establish a Twenty Something Syndicate all is not lost. Visit Boiler Juice and take a look at their facilities for negotiating a deal on heating oils.

As an additional aid, we have recently added another page on the subject of oil theft which is likely to be of interest to you.

This tip was featured on You and Yours - 13.04.2008 - the Radio 4 magazine programme. It mentioned the fact that some of the people in a group that had been formed were saving £100 on each delivery.


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