The consumption of gas oil and diesel oil in the UK's transport equipment sector is projected to exhibit consistent growth from 2024 to 2028, increasing from 178.88 to 190.29 thousand tonnes of oil equivalent. In 2023, the consumption was observed at 175.00 thousand tonnes. Year-on-year, the growth rate remains stable, fluctuating slightly with annual increases of around 1.65% to 1.74%. The compound annual growth rate (CAGR) over the five-year forecast period is estimated around 1.75%. This steady growth trend highlights a moderate increase in the demand for conventional fuels within the sector.

Future trends to watch for:

Potential shifts toward alternative fuels and electrification, influenced by environmental regulations and technological advancements.
The impact of economic factors and policies on fuel consumption patterns as the UK aims to achieve its carbon reduction goals.
Integration of more efficient technologies in transport equipment to potentially alter future consumption levels.