In 2023, the gross electricity production from gas oil and diesel oil, excluding the biofuel portion, stood at 428.4 Gigawatthours. From 2024 onwards, there is a clear upward trend with an annual increase ranging between around 2.23% and 1.97% year-on-year up to 2028. The 5-year compound annual growth rate (CAGR) from 2024 to 2028 is projected to be approximately 2%. This steady growth indicates a moderate but continuous expansion in electricity production from these sources.
Future trends to watch for include:
- Policy changes related to fossil fuel usage and their impact on production.
- Developments in renewable energy technologies that could affect demand for gas oil and diesel oil.
- Evolving regulatory framework for carbon emissions, influencing traditional energy sources.