The forecast for the UK's road diesel opening stock shows a consistent year-on-year increase from 2024 to 2028, with an annual growth rate of around 2.7% per year. In 2023, the stock stood at approximately 1.8 million metric tons. The compound annual growth rate (CAGR) over this five-year forecasted period is steady, reflecting a stable upward trend in diesel stock volume.
Future trends to watch for include:
- Changes in government policies regarding diesel usage and environmental regulations which could impact stock levels.
- Advancements in alternative fuel technologies potentially shifting demand away from diesel.
- Market responses to geopolitical factors influencing oil supply and pricing, affecting diesel stock strategies.