In 2023, the final consumption of gas oil and diesel oil (excluding biofuel) for domestic navigation in the UK stood at approximately 898.00 thousand tonnes of oil equivalent. The forecasted data from 2024 to 2028 indicates a steady annual increase, with consumption reaching 923.43 in 2028. The year-on-year growth rates show mild increments of about 0.6% annually, reflecting a consistent rising trend. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 0.55%, suggesting gradual but steady growth in the sector.
Future trends to watch include the impact of regulatory changes targeting emissions, which may affect fuel consumption patterns. Additionally, advancements in fuel technology and increased adoption of alternative fuels could also influence the dynamics of domestic navigation fuel consumption.
