Market report 2026
Irish heating oil market report
A typical 500L heating oil bill, split into the oil, the fixed taxes and levies, and VAT.
Where a 500-litre bill goes
Based on €822 for 500 litres of kerosene (county prices checked 20 Oct 2026, 22:59).
The oil itself (78.3%)
Crude oil, refining, shipping to Ireland, depot storage, the oil supplier's costs and margin, and delivery to your tank. This is the part that follows world oil markets.
Carbon tax (9.8%)
Revenue's kerosene carbon component is currently €160.81 per 1,000 litres (about 16.1c/litre) before VAT (effective 8 Oct 2025).
VAT & NORA (12.0%)
VAT at 13.5% is added on top of the oil, carbon tax and NORA levy. The National Oil Reserves Agency (NORA) levy is a fixed 0.1c/litre and funds Ireland's strategic oil reserves. The current reduced rate applies from 1 Sept 2026 through 31 Oct 2026.
Prices in your county
The figures above are a national example. County pages show what oil suppliers near you charge.