In 2023, the UK's gas oil and diesel oil available for final consumption was below the 2024 forecast value of 1.2813 million terajoules. Reviewing the forecast period from 2024 to 2028, there is a steady increase in consumption. The year-on-year growth from 2024 to 2025 is approximately 0.69%, with subsequent years showing a similar trend of gradual increase by 0.67% to 0.65% annually. The compound annual growth rate (CAGR) across the projected five-year timeline from 2024 to 2028 is approximately 0.66%.
Future trends to watch for include:
- Technological advancements improving fuel efficiency.
- Government policies impacting non-biofuel usage.
- Alternative energy sources gaining traction, potentially altering diesel demand.
