In 2023, the consumption of gas oil and diesel oil for domestic navigation in the UK stood at a similar level to the forecasted 2024 figure. The forecast from 2024 to 2028 shows a stable and marginal year-on-year increase of approximately 0.57% annually, indicating consistent demand. The cumulative average growth rate over these five years reflects a steady rise, suggesting resilience in the sector despite broader energy transitions.
Future trends to watch include:
- Potential impacts of increased regulation or incentives to reduce fossil fuel use in domestic navigation.
- Technological advancements or innovations in alternative energies within maritime transport.
- Economic factors influencing domestic shipping volumes and consequently fuel consumption.
