In 2023, India led in global residential petroleum support with 5.44 billion USD, showing a decline of 3.1%. Conversely, Belgium and the United States shared identical decreases of 2.39%. Notable increases include Greece with 10.91% and China with 8%. Other countries like Portugal and Ukraine saw respective growths of 24.91% and 3.86%. Some declines were observed in countries like Italy with 5.92% and Spain with 7.16%.
Future trends to watch for in global residential petroleum support include:
- Potential growth in renewable energy adoption, reducing dependency on petroleum.
- Policy shifts towards cleaner energy influencing future investments and subsidies.
- Evolving geopolitical dynamics affecting petroleum supply and costs.
Top countries in Total Support on Petroleum for Residential by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 5,440 | 2023 | +18.22% | -3.1% | View data |
| 2 | 2 Belgium | 1,560 | 2023 | -0.5% | -2.39% | View data |
| 3 | 3 United States | 712.38 | 2023 | -0.4% | -2.39% | View data |
| 4 | 4 Greece | 463.25 | 2023 | +5.21% | +10.91% | View data |
| 5 | 5 United Kingdom | 365.1 | 2023 | -2.23% | -2% | View data |
| 6 | 6 Ireland | 272.86 | 2023 | +2.8% | +3.48% | View data |
| 7 | 7 Italy | 243.57 | 2023 | -4.57% | -5.92% | View data |
| 8 | 8 China | 79.01 | 2023 | +9.48% | +8% | View data |
| 9 | 9 Ukraine | 41.32 | 2023 | +25.06% | +3.86% | View data |
| 10 | 10 Lithuania | 29.47 | 2023 | +2.01% | +2.36% | View data |
