In 2023, the stock change for Gas Oil and Diesel Oil (excluding biofuel portion) in the UK was negative. Forecasts from 2024 to 2028 show a consistent year-on-year decline, with the value dropping from -1660 GWh in 2024 to -2030 GWh by 2028, indicating an intensifying depletion trend. The year-on-year percentage change reveals a steady decline as the values decrease further. The Compound Annual Growth Rate (CAGR) over these five years would highlight a persistent annual reduction, forecasted to be significant.
Future trends to watch for include the impact of policy changes regarding carbon emissions and renewable energy adoption which may further influence these stock levels. Expansions in electric vehicle uptake could also impact demand for diesel oil, potentially moderating the decline or shifting focus entirely.
