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For more on marking an answer as the "Best Answer", please visit our FAQ.Works the same as gas central heating, different boiler of course, cheaper than LPG and slightly dearer than natural gas. Modern oil tanks are expensive. Safer than gas and the only option where gas is not available.
Electric boiler heating is four times as expensive unless you get a good deal in Scotland where they have hydropower. If you run out of oil it's your own fault, keep it topped up.