The forecast for road diesel closing stock in the UK shows a gradual increase from 2.04 million metric tons in 2024 to 2.26 million metric tons in 2028. This indicates consistent growth, with the average compound annual growth rate (CAGR) around 2.6% over these years. Compared to 2023, when the value stood slightly below 2.04 million metric tons, we see a steady upward trend in supply projections.
Notable future trends to watch for include possible changes in road transportation fuel demand due to advancements in electric vehicle adoption, government policies targeting carbon emissions, and fluctuations in global oil prices that may impact these forecasts.
- Consistent growth observed year-on-year.
- Average annual increase around 2.6% (CAGR).
- 2023 baseline below 2.04 million metric tons.