Forecast: Fuel Oil Final Consumption in Commercial and Public Services in the UK

In 2023, the consumption of fuel oil in commercial and public services in the UK stood at a certain level, with the forecast from 2024 to 2028 showing a consistent downward trend. Year-on-year, the consumption decreases by about 7-8% annually, signifying a steady move towards reduced fuel oil dependency. The compound annual growth rate (CAGR) reveals an average decline of around 7.7% per year over this forecast period, highlighting the industry's shift towards more sustainable energy sources.

Future trends to watch for include:

  • The impact of government policies promoting renewable energy and energy efficiency.
  • Technological advancements that could further reduce fuel oil use.
  • The influence of global oil market dynamics on UK consumption patterns.

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