<ARTICLE> 5
<LEGEND>
                                EXHIBIT 27
            Petroleum Heat and Power Co., Inc. and Subsidiaries

      This schedule contains summary financial information (in thousands
except per share data) extracted from Petroleum Heat and Power Co., Inc.
and Subsidiaries financial statements as of March 31, 1995 and is qualified
in its entirety by reference to such financial statements.
</LEGEND>
<MULTIPLIER> 1,000
       
                             
<PERIOD-TYPE>                   3-MOS
<FISCAL-YEAR-END>                                    DEC-31-1995
<PERIOD-END>                                         MAR-31-1995
<CASH>                                               $    45,843
<SECURITIES>                                                   0
<RECEIVABLES>                                            101,250
<ALLOWANCES>                                               2,185
<INVENTORY>                                               18,935
<CURRENT-ASSETS>                                         174,565
<PP&E>                                                   166,747
<DEPRECIATION>                                            38,360
<TOTAL-ASSETS>                                           444,995
<CURRENT-LIABILITIES>                                     86,735
<BONDS>                                                  354,451
<COMMON>                                                   2,547
<PREFERRED-MANDATORY>                                     20,834
<PREFERRED>                                                    0
<OTHER-SE>                                              (27,336)
<TOTAL-LIABILITY-AND-EQUITY>                             444,995
<SALES>                                                  243,786
<TOTAL-REVENUES>                                         253,737
<CGS>                                                    127,746
<TOTAL-COSTS>                                            147,332
<OTHER-EXPENSES>                                          55,309
<LOSS-PROVISION>                                             442
<INTEREST-EXPENSE>                                         9,760
<INCOME-PRETAX>                                           42,274
<INCOME-TAX>                                                 400
<INCOME-CONTINUING>                                       41,874
<DISCONTINUED>                                                 0
<EXTRAORDINARY>                                                0
<CHANGES>                                                      0
<NET-INCOME>                                              41,874
<EPS-PRIMARY>                                               1.61
<EPS-DILUTED>                                               1.61