Around a third of the UK home heating oil market will be controlled by major market player DCC, if its latest acquisition is approved by regulators.
DCC, which is listed in Ireland, has rapidly bought up a number of heating oil suppliers in the UK.
Its latest €67m (£58m) deal to purchase the oil distribution assets of Total Butler, on top of its proposed acquisition of Pace Fuelcare, would take its UK domestic market share up from 25pc to between 30pc and 35pc.
The whole heating oil market serving at least 1m British homes is currently under review by the Office of Fair Trading (OFT), which is likely to look at the purchases of DCC as part of the study. The market is very fragmented, with more than 175 players, but some very big ones too, including DCC.
Earlier this month, the OFT criticised price comparison websites run by some heating oil suppliers. It found the DCC failed to be clear about its ownership of Boilerjuice.co.uk and discovered false customer testimonials on the Fuelfighter.co.uk website run by WCF Fuels, which were made up to make it appear to be a price comparison website or look better.
After a 70pc price spike last winter, Charles Hendry, the energy minister, called on the OFT to bring forward its study on the industry.
Source: The Telegraph
About Moorland Fuels
Moorland Fuels was formed more than 15 years ago. The company started by supplying lubricants throughout the South West. Moorland Fuels is still a family-run business. Our reputation has been built by our team of dedicated drivers and staff. We all believe in what we do, and this can be seen in our commitment to excellent service, which gives us the edge over our competitors.
We are a fully independent fuel distributor sourcing quality products at the most competitive price to industry, farming and the home. We run all our own vehicles, both for fuels and lubricants, from our depot in Okehampton and keep an extensive stock to meet all our customers’ demands. This gives us the flexibility to provide a fast, efficient and professional service to our customers. If you need heating oil in Devon give us a call.
For more information or to place an order, call (01837) 55700 or visit www.moorlandfuels.co.uk.
Released September 26, 2011