Forecast: Gas Oil and Diesel Oil (Excluding Biofuel Portion) Consumption in International Maritime Bunkers in the UK

The forecast for gas oil and diesel oil consumption in international maritime bunkers in the UK indicates a steady increase from 2024 to 2028, with values rising from 1.8 to 1.91 million tonnes of oil equivalent. Compared to 2023, where consumption stood at approximately 1.78, the trend shows a gradual year-on-year growth, roughly 1.7% per year. The CAGR over the five-year forecast period is projected to be around 1.5% annually.

Future trends to watch for include:

  • Potential shifts in maritime fuel regulations encouraging lower-carbon alternatives, impacting diesel consumption.
  • Technological advancements in ship engine efficiency, possibly altering fuel demand.
  • Economic factors influencing global trade volumes, leading to fluctuations in bunker fuel consumption.

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