14 October 2026
PO Box 986 Douglas Isle of Man IM99 2TB
Isle of Man News

Oil & Fuel Costs Up 57% in a Year

Inflation on the Isle of Man remained at 4.1% in September, with soaring fuel costs continuing to be a major driver of rising prices.

Latest figures show the category covering housing, water, electricity, gas and other fuels increased by 10.3% over the past year, making it the second largest contributor to inflation.

Within the category, oil and other fuels recorded a sharp 57% increase compared with September 2025.

The Consumer Prices Index (CPI) annual rate remained unchanged from August at 4.1%.

The largest increase was recorded in education, which rose by 10.5% over the year, driven by an 11.8% increase in private education fees.

Meanwhile, alcoholic beverages and tobacco rose by 7.2%, with tobacco prices up 10.7% over the past 12 months.

Other notable increases included petrol and oil (+26.2%), fish (+13%) and driving lessons (+11.1%), while the largest decreases were seen in other travel costs (-23.1%), oils and fats (-7.6%) and children’s outerwear (-7.2%).

Charlie Morrey is a Broadcast & Multi Media Journalist for Manx.News and also is a Presenter on Energy FM. Charlie has previously written for Isle of Man Newspapers, magazines and also started her broadcasting career with Manx Radio.

Leave a Reply