In 2023, the fossil energy refinery output in the UK stood at 54.9 million tonnes of oil equivalent. From 2024 to 2028, forecasts suggest a continual decline, decreasing annually from 53.74 to 48.88 million tonnes. This represents year-on-year reductions of approximately 2.34% from 2024 to 2025, and about 2.32% in the following years. Over the five-year forecast period, the compound annual growth rate (CAGR) indicates an average annual decrease of approximately 2.30% in fossil energy refinery output.
Future trends to watch include the impact of government policies shifting towards renewable energy, advancements in clean technology, and potential economic factors that could influence the demand for fossil fuel-based energy in the UK.
