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.