Oil prices have been volatile since the Russian invasion of Ukraine in 2022.
An Offaly oil company owner says she believes new housing developments are starting to marginalise oil consumption in Ireland.
It comes as price tracking website oilprices.ie recorded a fall of 5 per cent last year - with the current price for 1,000 litres standing at 977 euro.
Oil prices have been volatile since the Russian invasion of Ukraine in 2022.
It's been warned factors such as sanctions on Russian oil due to the war in Ukraine could cause prices to surge upwards again.
Rita Lambe owns Lambes Oil in Tullamore, she says business was good over the course of last week's cold snap.
She believes while homeheating oil faces challenges, there's a resilient market for the product domestically:
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