The forecast for gas oil and diesel oil consumption in the UK's commercial and public services sector shows a steady upward trend from 2024 to 2028. The consumption is projected to increase annually, starting from 894.4 thousand tonnes of oil equivalent in 2024 and reaching 911.95 thousand tonnes in 2028. Compared to 2023, when the actual consumption was slightly below the 2024 forecast, this indicates a gradual rise.
Year-on-year growth is consistent, with a slight increase each year, suggesting a stable demand in this sector. The compound annual growth rate (CAGR) for the five-year period reflects a modest increase, indicating steady market expansion.
Looking ahead, future trends to monitor include potential fluctuations in consumption due to technological advancements in energy efficiency and shifts towards alternative energy sources, which could impact the demand trajectory for traditional fossil fuels.
