In 2023, Italy's oil consumption stood at approximately 2.47 Exajoules. The forecasts from 2024 indicate a steady yet modest increase in consumption, reaching 2.5 Exajoules by 2028. Year-on-year variations are minimal, suggesting a stable consumption pattern with increments close to 0.4%. The compound annual growth rate (CAGR) over the next five years is also projected to be low, near 0.3%, indicating a relatively flat growth trajectory for oil consumption in Italy.

Future trends to watch for include:

The impact of Italy's energy transition policies on oil consumption, particularly shifts towards renewable energy sources.
Economic factors that might influence industrial demand for oil, such as changes in manufacturing robustness or transportation sector evolution.
Technological advancements or regulations in the automotive industry that may impact oil consumption rates.