In 2023, Turkey’s gas oil and diesel oil opening stock stood at 2.15 million metric tons. From 2024, projections indicate a consistent growth trend: 2.19 million metric tons in 2024, 2.23 in 2025, 2.28 in 2026, 2.33 in 2027, and 2.37 in 2028. Year-on-year variations reveal steady increases: approximately 1.8% in 2025, 2.2% in 2026, 2.2% in 2027, and 1.7% in 2028. The CAGR over the five-year period is forecasted around 2.0%.
Factors to watch:
- Fluctuations in global oil prices.
- Changes in Turkey’s energy consumption and production policies.
- Potential economic growth driving increased demand.
- Environmental regulations impacting fuel stocks.
