The UK refined petroleum products sector is projected to grow gradually from £54.08 billion in 2024 to £57.96 billion in 2028. This forecast shows a consistent year-on-year growth rate between 1.80% and 1.66%. While the steady increase suggests a stable industry, the overall compound annual growth rate (CAGR) across these five years is around 1.75%, indicating moderate expansion compared to 2023 levels.

Future trends to watch for include:

Impact of global oil prices which could affect turnover volatility.
Technological advancements and environmental regulations that may drive shifts in production and demand.
Brexit-related trade developments potentially influencing supply chains and market access.