Forecast: Gas Oil and Diesel Oil (Excluding Biofuel Portion) Final Consumption in Construction in the UK

In 2023, the final consumption of gas oil and diesel oil in UK's construction sector stood at a historical level, preceding a forecasted slight annual decrease over the next five years. From 2024 to 2028, projected consumption values are expected to decline marginally each year, indicating a compounded annual growth rate (CAGR) that suggests a minor downward trend. Specifically, from 2024 to 2025 and thereafter, a consistent reduction of around 0.5% year-on-year is noted, culminating in a total decrease over the period.

Future trends to watch for include:

  • The potential impact of environmental regulations and policies on fossil fuel consumption.
  • Advancements in construction technology that may drive efficiency and reduce fuel dependency.
  • Shifts towards renewable energy sources and alternative fuels in line with the UK's sustainability goals.

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