Oil Co-operative

Are you interested in saving money on heating oil?

Oil tankBy pooling our residents oil order in Sutton on the Forest and Huby on a regular basis, we are able to negotiate a lower price. For example the Syndicate’s order in January 2016 was for approximately 84,000 litres at 20.88 pence / litre + VAT. Independent delivery outside the Cooperative for 500 litres was quoted as over 24.44 pence /litre + VAT. The cooperative currently has well over 250 members from the Sutton & Huby area and is still growing.

Oil Co-op Prices and Volume Graph

How does it work?

  • The Cooperative coordinator emails existing members to let them know when the next order will be. You let the coordinator know how much oil you want — either a fixed number of litres (minimum 500) or “fill-up the tank” (we need an estimate of the likely quantity so we have an idea of the total volume when negotiating with the suppliers).
  • The syndicate coordinator contacts various companies for prices based on the total volume. The coordinator then assesses these bids and selects the best option based on price, terms and delivery. The co-ordinator then forwards orders on behalf of each person in the co-operative to the selected oil company and lets the members know the supplier, price and contact number for the supplier.
  • The terms of payment for any order may vary dependent upon the oil companies bid. The bill is ALWAYS payable direct to the supplier. THE COOPERATIVES DO NOT HANDLE ANY MONEY nor deal with delivery arrangements etc
  • If the syndicate member decides, for any reason, to cancel their order they MUST do so immediately on receipt of this information
  • The oil is delivered and the supplier bills each person for their own oil. The customer need not be present but must ensure that the supplier can access the tank at any reasonable time, or contact the supplier to arrange delivery details. There is an order every couple of months, so the chances of running short are minimised.

Orders for 2018:- January, March, May, July, September and November.

Interested, or want more information? Drop me an e-mail

Chris Franklin – suttonhubyoil@aol.com