Oil Prices Surge, Hitting NI Households

0:00On March 7th, home heating oil prices in Northern Ireland have surged over 45% in just one week for 500 liters, hitting. Households hard amid rising global oil costs from Middle East tensions. Iran's recent strikes and response to attacks by the United States and Israel have driven these sharp increases with 800 liters now costing. Nearly 800 pounds, in some cases, up over 300 pounds from days earlier. Pensioners and elderly residents are feeling the pinch most, with many saying a single refill eats up three and a half weeks of their four week. Pension, forcing tough choices between heat and food, especially for those living alone. Nearly two thirds of homes here rely on oil for heating, the highest rate in the United Kingdom, due to a late start on the natural gas grid and more. Rural living compared to England. Some oil companies are offering payment plans and check-ins for regular elderly customers, though a key saving scheme is paused amid the volatility.

1:00An expert say, gas prices may stay steadier if tensions ease soon.