The UK's biggest heating oil distributor, DCC Group, is selling off its Boilerjuice price comparison website, three weeks after being criticised by the Office of Fair Trading (OFT).
The €1.6bn (£1.4bn) Dublin-based conglomerate is likely to announce the disposal to the market as soon as Tuesday, The Telegraph has learnt. The sale comes shortly after the regulator criticised some heating oil websites. It said DCC failed to be clear about its ownership of Boilerjuice.com, and a different company, WCF Fuels, had included customers' testimonials that "could not be substantiated" on its Fuelfighter.co.uk website.
DCC has since been seeking to win round critics of its market power in Britain, as the whole heating oil industry is still under a wider review.
Paul Ward, founder of Boilerjuice, who is buying back the website, confirmed the sale. "I'm confident the acquisition will cement our market-leading position and enable the brand to go from strength to strength as a truly independent and impartial website as it has always been," he said.
DCC has rapidly bought up a number of heating oil suppliers and it will control almost a third of the UK home heating oil market, if its latest acquisition of some assets from Total is approved by regulators.
A spokesman for DCC said: "Boilerjuice was, and remains, an independent price comparison website, comparing our prices and those of hundreds of independent suppliers to offer buyers the best prices in their area. Unfortunately, this independence was questioned by some quarters of the media, albeit incorrectly, because of our ownership of the site. We have therefore sold Boilerjuice to its managing director, Paul Ward, and wish him continued success at giving consumers a truly independent means of finding the best prices."
The OFT is expected to give its verdict on the industry this month, having been asked to look into the sector after a 70pc price spike last winter.
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 October 4, 2011