Thursday, 18 August 2016

CCB’s Oil Club – continuing to save our member’s money


In partnership with Oil Fuel Poverty Solutions (OFPS) CCB runs an oil club so people in rural communities that have to heat their home by oil can save money. 

By bringing communities throughout Berkshire together and making the most of collective purchasing power, CCB Oil Club members saved £9762 in total during the year!  An average saving for our members is £18.50 on a order of 500 litres.

Marion Lathar negotiator at OFPS gives her take on current oil prices – “It if not often that we are able to report that the price of a major commodity is significant lower than the same time last year – heating oil users rarely get such good news but for once the price of oil has fallen more than that of gas and electricity! The last year has seen uprecidents changes in the price of oil (Brent Crude was around $50 per barrel in April 15,fell to below $30 in Jan 16 and rose back to mid $40 by March 16)

The price seems to be fairly stable at the moment with the uncertainties of Brexit being cancelled out by low demand and high production levels and most analysts believe that this is likely to continue for several more months.

Even during this period of lower prices CCB Oil Club members saved between 2.5 pence per litre and 3.5ppl on the market average price. Summer and autumn are traditionally the best times of the year to fill your tank and prices normally rise through the winter in the face of increased demand and we would expect the same to be true again this winter.”

If you heat your home with oil and would like to learn more about how to become a member get in touch with marion@ofps.co.uk or visit our website: www.ccb-oil-club.org.uk

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