The forecast for kerosene-type jet fuel stock changes in the UK indicates a consistent decline from 2024 to 2028, with annual decreases ranging from 6% to 7%. For reference, in 2023, the stock change was approximately 161,780 tonnes of oil equivalent. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) of this decrease is about 5.6%, reflecting an ongoing reduction in stock levels.
Looking ahead, key trends to monitor include:
- The impact of geopolitical events or regulatory changes on fuel availability and pricing.
- Technological advancements or policy shifts favoring biofuels.
- Fluctuations in aviation demand influencing fuel requirements.
