The supply of Gas Oil and Diesel Oil (excluding biofuel) in the UK is forecasted to increase steadily from 2024 to 2028, with a consistent annual growth in the value from 12.93 to 15.31 million tonnes of oil equivalent. This reflects a year-on-year increase of approximately 4-5%. Analyzing the trend from the past, the projection indicates a continuous rise without significant disruptions. In 2023, the baseline actual value was slightly lower, suggesting a rebound and increasing demand or necessity in subsequent years. The compound annual growth rate (CAGR) for the forecasted period averages around 3.5%.
Future trends to watch include technological advancements in fuel efficiency, shifts towards alternative energy sources, and regulatory changes affecting fossil fuel consumption. These factors could influence supply dynamics, potentially altering the projected growth trajectory and impacting strategic energy planning in the UK.
