Forecast: Gas Oil and Diesel Oil (Excluding Biofuel Portion) Refinery Output in the UK

The forecast for Gas Oil and Diesel Oil (excluding biofuel) refinery output in the UK indicates a steady decline from 220.99 thousand gigawatt-hours (TWh) in 2024 to 205.61 TWh in 2028. The year-on-year variation highlights consistent percentage decreases: 2025 forecasts a -1.8% decline, 2026 shows a -1.8% drop, 2027 projects a -1.8% reduction, and 2028 anticipates a -1.8% decrease. Forecasted from 2024, these consecutive decreases depict a compound annual growth rate (CAGR) of approximately -1.8% over the five years. In 2023, the output stood at 225.83 TWh, establishing a baseline for subsequent years' forecasts.

Future trends to watch for:

  • Technological advancements in refining efficiency may alter future output levels.
  • Policy shifts towards sustainable energy could further impact fossil fuel refinery outputs.
  • Economic changes that affect consumption patterns may influence demand and production.
  • Global market dynamics, including import/export policies, might affect domestic output.

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