Heating Oil

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Heating Oil

A petroleum product used to heat private homes, offices and so forth. Approximately 25% of the world's crude oil is developed into heating oil. It is traded as a commodity on the Intercontinental Exchange and the New York Mercantile Exchange.
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References in periodicals archive ?
SDS Logistics' misuse of the fuel was first detected when HMRC officials visited their premises in April 2016 and found four vehicles had been misusing red diesel.
that agricultural tractors on public roads clearing snow or gritting to provide access to schools, hospitals, a remote dwelling, or communities cut off by ice and snow can continue to use red diesel.
"It's not as if he can just take his tractor or other machinery to a local garage, as red diesel is only sold at selected depots.
NNA - Petroleum derivatives prices dropped Wednesday LL100 for gasoline 98 octane and LL200 for gasoline 95 octane ; however, the prices did not change for diesel oil and red diesel. All prices are per 20 liters.
Operation Gatsby, aimed at stopping defective, uninsured and untaxed vehicles, as well as those illegally using red diesel, was car ried out by Morpeth Neighbour hood Policing Team on Wednes day, September 16.
A new marker, which inventors claim is almost impossible to remove, will be put into red diesel on both sides of the border from next week.
More than 70 vehicles were dip tested for red diesel, with one man, in his 20s ordered to pay a fine for using red diesel and summonsed to court for having no insurance.
HM Revenue and Customs (HMRC) said in extreme weather, farmers will be allowed to use red diesel in their tractors to help grit and clear snow from public roads.
FARMERS in Wales can use red diesel during extreme cold weather conditions, it was confirmed yesterday.
It is also hoped the move will help prompt a change in legislation over the use of red diesel by farmers taking part in such operations.
HM Revenue & Customs warn that using rebated fuels - such as red diesel and kerosene - is a criminal offence.