The forecasted stock change for gas oil and diesel oil (excluding biofuel) in the UK shows a consistent negative trend from 2024 to 2028, indicating a steady decline in stock levels. In 2023, the stock change stood at a more stable level, with 2024 reflecting a shift towards larger negative values. The year-on-year decrease is around 5-6% annually over the forecast period, suggesting a significant reduction in stocks each year. The five-year compound annual growth rate (CAGR) highlights an average annual decrease of approximately 5.5% over these years.
Future trends to watch for include:
- Potential policy shifts impacting fossil fuel usage and imports.
- Technological advancements in energy alternatives replacing traditional fuels.
- Economic recovery phases influencing demand fluctuations.
