The forecasted average daily diesel oil consumption in China shows a declining trend from 2024 to 2028. Starting at 31.28 million metric tons in 2024, it decreases progressively to 26.01 million metric tons by 2028, reflecting a year-on-year decrease. This decline contrasts with actual 2023 figures, slightly below 2024 forecasts. The compound annual growth rate (CAGR) over the next five years indicates a consistent reduction in demand for diesel oil.

Key future trends to watch include:

The impact of China's transition to renewable energy sources and electric vehicles on diesel demand.
Government policies aimed at reducing carbon emissions and promoting green energy.
Global economic factors influencing industrial production and freight, affecting diesel consumption.