Heating oil suppliers across southeast England are cancelling prepaid orders and demanding customers pay double amid Middle East tensions, sparking accusations of price gouging. Customers who locked in prices before the Iran-US-Israel conflict report suppliers refusing delivery unless they accept significantly inflated rates. The UK and Ireland Fuel Distributors Association attributes rapid price movements to volatile wholesale markets, though some distributors claim they are honouring agreements. Energy Secretary Ed Miliband warned the government will not tolerate profiteering, with competition authorities ready to investigate. Unlike electricity, heating oil lacks price protections, leaving vulnerable consumers with limited recourse.
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