Oil Buying Group
Please may I introduce you to the Covington Oil Buying Group?
As the co-ordinator of this group, I thought you might like to know more about our oil buying...
Orders from the syndicate get a better rate than individual orders. The more we order as a group, the keener the price! We also work to get a deal that if the quoted price for heating oil (kerosene) goes down before delivery, we get the lower price!
Ideally we need a combined village delivery of 5 to 10,000 litres each time to command the best possible rates, without resorting to joining with another more distant or fragmented group that may be commission led. Ours is a free service! The usual delivery tanker to the extended village will hold 10500 - 18000 litres, so you can see that its economic for the oil supplier to have one tanker deliver to the area, all on one day. That’s how they can offer us the best rates. It’s also better for the environment.
Obviously, the more that come on board for any given delivery, the better, but it is a fact of life that we all have different sized tanks and use our oil at different rates, so we won’t all need oil at the same time. 500 litre top-ups can help as much as full deliveries of over 1000 litres to get us a good price. We do not charge or pay any commission but simply make would-be suppliers tender very competitive prices, so the more who order through our syndicate, the more everyone benefits. We also watch Brent Crude prices to see if prices are falling or rising. They have been low, but have started rising again this month because of the weather and demand.
The minimum delivery to your house is 500 litres. There is no maximum, as they will just send our oil out in a larger tanker, so farmers can benefit, too. We can also arrange Gas Oil deliveries to farms. Its known as red diesel.
Payment is usually by card, over the phone, direct with the supplying oil company, unless you already have a credit account. In this way, the group does not need to hold any of your payment details. We do not recommend you open an account as this may tie you in to less than beneficial prices.
Although your payment details are taken by the supplier each time (e.g. Conquest Oil, Barton or Watson’s) before delivery, you will only be charged for the actual amount you receive, so if you were to “pay” for 1000 litres and they could only get 800 in your tank, ultimately you will only be charged for 800 litres, as per the tanker’s meter. They do not keep your payment details on file. Simple.
So please get back to me if you would like to be included.
- Let us know if & when you need a delivery so we can all join in
- We can buy Kero heating oil and Gasoil for farm use
- We don’t have fixed delivery dates. Just whenever there’s a group need!
- We do need more to join in, please, as it will help with the group’s future and our buying power – so please spread the word
- We can make sure that no one runs out and we all get good prices
- By developing good relationships with our suppliers, we get preferential treatment, too. Even emergency deliveries
- We share experiences of good (or bad) oil servicing companies and oil engineers. Personal recommendation is so important, isn’t it?
If anyone has any problem with ordering through the syndicate (like access on the delivery day or paying in advance for their delivery), let us know and we will happily go through the ways it can work for you and allay any concerns. I am a retired Crime Prevention Officer, so I take security very seriously.
It's frustrating when there are insufficient volumes to obtain the best possible price, so if you need a delivery, please be sure to tell us how many litres you need and let us have your contact details, please. I do the rest. Thank you!
Covington Oil Buying Group