The UK gas oil and diesel oil imports, excluding biofuel, are forecasted to increase from 768.19 thousand terajoules in 2024 to 848.94 thousand terajoules in 2028. This suggests a steady year-on-year increase, averaging approximately 2.5% annually in terms of compound annual growth rate (CAGR). As of 2023, the energy value was observed, setting the benchmark for these forecast increments. This consistent growth indicates a rising dependency on non-biofuel oil imports, possibly fueled by continued industrial demand or slower-than-anticipated shifts toward alternative energy sources.
Future trends to watch for include the impact of potential policy changes that might strengthen biofuel adoption as part of the UK's energy transition strategy. Additionally, international market fluctuations and geopolitical influences could alter import levels and rates, particularly as global focus shifts towards renewable energy sources.
