Rising heating oil prices: buy now or hope for a decline?

Rising heating oil prices: buy now or hope for a decline?

Seelow, Deutschland - The topic of heating oil prices is currently being very interested in consumers in Brandenburg. On 16. June 2025 the average price of heating oil has increased to 92.20 cents per liter , which corresponds to an increase of 7.1 percent compared to the previous week. According to MOZ.de , this increase does not remain without reason: The tense situation between Israel and Iran burden the markets. Concerns regarding possible interruptions in oil freightings from the Golf region, in particular the strategically important street of Hormus, drive up prices.

Currently, this increase is also reflected in the prices for diesel and super fuel. For example, the liter Super E10 currently costs 1.75 euros , diesel has reached 1.64 euros per liter. These costs have increased by almost a cent compared to the previous day. As zdf today, the May average for heating oil was at 87 euros and thus at the lowest level for two years. Now the refilling of heating oil could be worthwhile for consumers, since the prices appear relatively low in the long -term comparison.

The geopolitical tensions have a noticeable effect on the global oil market. Israel's attacks on Iranian nuclear facilities and oil and gas fields have already led to damage to important infrastructure components. This stirs up fears before further price increases, such as FinMagazin . The risk of supply bottlenecks from the Middle East remains, while experts observe the situation closely.

But there are also bright spots. A possible breakdown of the tensions could have positive effects on prices. If a ceasefire in the region came about, the markets could calm down and stabilize or even reduce oil prices. However, it remains to be seen in which direction the situation will develop.

A look at the heating oil costs of households

In the past heating season, households in Germany had to spend an average of 1,554 euros for heating oil, which means an increase of about 1 percent . The costs vary depending on the time of the order. Possible price increases in the coming week, as predicted by Fastenergy, indicate that consumers are well advised to make their heating oil orders promptly.

The forecasts indicate that heating oil prices could continue to rise due to the military conflicts. Even if the prices are 2.9 percent cheaper in the annual comparison of , the responsibility among consumers remains to weigh up when it is worth refraining. In Brandenburger households this could still be discussed this week.