jcmode,
For under £15 you can buy a "tank-stat". Some models can be also used as pipe-stats. You have a long strap of spring wire (like old curtain spring) which allows you to strap it around the top of the tank such that the metal back of the stat is in good metallic contact with the metal of the tank.
They normally have a rotary dial that allows you to set the turn off temperature and a normally closed and normally open pair of contacts.
When the stat gets up to temperature it will open a pair of contacts and you wire these in series with the timer contacts it will turn off the oil burner.
If your tank is heavily insulated you can either cut an aperture in the insulation to fit the stat - or you can get adjustable stats with capillary probe like sensors that can be located into a thermopocket. I got one of these for about £15 from Farnell Electronics, also RS Components - see this link.
http://uk.rs-online.com/web/search/searchBrowseAction.html?method=getProduct&R=6618284Ken