In 2023, the availability of gas oil and diesel oil, excluding the biofuel portion, for final consumption in the UK stood at approximately 353.5 thousand gigawatt hours. Moving into 2024, forecasts project a steady upward trend, with year-on-year increases ranging from roughly 0.69% to 0.64% annually until 2028. When analyzed over the 5-year forecast period, the compound annual growth rate (CAGR) is anticipated to be about 0.65%. This indicates a gradual yet consistent rise in the consumption of gas oil and diesel oil over the coming years.
Future trends to watch for include potential shifts in energy policies towards renewable sources, which could alter the trajectory of fossil fuel consumption. Additionally, technological advancements in energy efficiency and a continued focus on reducing carbon emissions could also impact future demand for gas oil and diesel oil.
