Home heating oil prices in Northern Ireland increased by more than 60% since last Friday. The rise links to military actions in the Middle East. Over 60% of households in the region use heating oil.

Economy Minister Caoimhe Archibald spoke with British Energy Minister Michael Shanks and Irish Energy Minister Darragh O'Brien on Wednesday. She raised issues about higher costs for home heating oil and fuel. Minister Shanks said no short-term supply risks exist.

Minister Archibald stated unjustified price increases are not acceptable. She tasked her department with notifying retailers and suppliers to maintain fair practices. The department will work with agencies on clear pricing information.

Minister O'Brien noted similar cost concerns across the island and intends to consult energy businesses. Minister Archibald sought household aid like that after the Russian invasion of Ukraine. Minister Shanks agreed to track developments.

Natural gas rates for Northern Ireland homes dropped earlier this week.