Office of Fair Trading chair Tim Glover says heating fuels on the Island are made up of a variety of factors - but there's no formal price regulation.
He was responding to a question for written answer from Arbory, Castletown and Malew MHK Jason Moorhouse.
He wanted to know how the fuel price is set - Mr Glover said companies buy oil based on its commodity price set internationally.
But he added there are also built-in costs for tax, shipping, storage and depot costs and distribution.
Mechanised tree planting to be trialled on the Island
A UK company says it's helping the Island of man up its forestry game.
No planned changes to community services, says health minister
Health Minister Claire Christian says there are no planned changes to health and care community services provided locally around the Island.
Season's first cruise ship coming soon
The first cruise visit of this season takes place next week.
More work on TT course this week
The Department of Infrastructure says it'll be working on part of the TT course in Douglas later this week.
Data will be protected during census, says Cabinet Office
The Cabinet Office says it'll take all necessary steps to protect information submitted in this month's census.
Vigil for Palestine this week
Campaigners will be hoping to highlight the plight of Palestinian prisoners at a vigil later this week.
Roadworks near Wildlife Park
The Department of Infrastructure says it's carrying out work near a popular Island attraction .
Fundraiser hits goal to spark Manx-US romance!
Two Transatlantic lovebirds are set to be reunited after the big-hearted public stepped in with donations to an online fundraiser.
