Subsidies cover half the increase in heating oil prices

State and refinery subsidies cut the price by 40 cents per litre, bringing it down from €1.95, where it would have stood without support. Consumers remain cautious, while the support will be reviewed at the end of October.

Subsidies cover half the increase in heating oil prices

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State and refinery subsidies, which took effect on Friday, offset half the increase in the price of heating oil compared with last year.

However, consumers remain hesitant to place orders, at least in areas where weather conditions do not yet require boilers to be switched on, as uncertainty continues to surround the international oil market.

From €1.95 to €1.55 a litre

At the start of last winter, heating oil stood at €1.13 per litre. This year, following a surge in international prices amid the energy crisis, it would have reached €1.95 per litre without subsidies.

With total support of 40 cents per litre from the state and refineries, the average price falls to €1.55. Prices vary: they may be higher in remote areas and for small quantities, while cheaper offers are also available. For example, EKO is offering a starting price of €1.49 per litre.

Consumers remain cautious; support to be reviewed

Market indications suggest that most consumers are not yet placing orders for heating oil. Few households, meanwhile, have significant stocks left over from the previous winter, as prices had already risen from the spring. At the end of the last heating season, the average price stood at €1.749 per litre.

Consumers, the state and refineries are expected to reassess their positions in response to market developments. Discounts and subsidies on fuels overall, including heating oil, will be reviewed at the end of October, based on movements in international markets.

Electricity and natural gas also more expensive

Electricity and natural gas prices are also higher than last year, although the increases are smaller.

According to the monthly HEPI report, which compares energy prices in 33 European countries, the average electricity price, including taxes and network charges, stood at 26.31 cents per kilowatt-hour in September, up from 22.96 cents in September 2025.

Similarly, the final price of natural gas reached 10.29 cents per kilowatt-hour this year, compared with 7.35 cents in the same period last year.

Heating allowance: When applications open

The heating allowance will be 30% higher this year than last year and will cover all forms of energy: heating oil, electricity, natural gas, firewood and pellets. The same income and property criteria will apply.

The online application platform is expected to open by 10 November, while the first instalment of the allowance is expected to be paid by 23 December.

Source: ANA-MPA

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