In 2023, the consumption of gas oil and diesel oil (excluding biofuel) in the UK's chemical and petrochemical sectors stood at 998 Gigawatthours, based on actual data. From 2024 onwards, forecasted data shows a gradual decline in consumption, with 2024 at 988.5 GWh, 2025 at 977.83 GWh, 2026 at 967.38 GWh, 2027 at 957.14 GWh, and 2028 at 947.1 GWh. Year-on-year, this represents a consistent decline of around 1% annually. The Compound Annual Growth Rate (CAGR) over the 5-year period is approximately -1%.
Future trends to watch for include the potential adoption of more efficient technologies and processes that could further reduce demand, increased regulation around fossil fuel consumption, and a growing shift towards renewable energy sources, which could accelerate the decline of traditional fuel usage in these sectors.
