Oil Consumption — - Oil Consumption refers to the total amount of petroleum products used within a country during a given year for energy and non-energy purposes. It is typically measured in thousand barrels per day (kb/d) and represents the demand for oil-based fuels and products across the economy. The indicator includes the use of refined petroleum products such as gasoline, diesel, jet fuel, kerosene, fuel oil, and other oil-derived products consumed by transportation, industry, power generation, residential, commercial, and other sectors. Oil Consumption is a key measure of a country’s energy demand, economic activity, transportation intensity, and dependence on petroleum resources.
Measured in thousand barrels daily, the dataset serves as an important indicator of energy demand, transportation fuel consumption, industrial activity, and the performance of South Africa's oil market. It enables assessment of long-term consumption patterns, market dynamics, and changes in petroleum demand across major consuming sectors, supporting analysis of the country's evolving energy landscape and economic activity.
South Africa's oil consumption declined gradually from 603 thousand barrels daily in 2015 to 581 thousand in 2016, remained relatively stable at 582 thousand in 2017, and eased to 580 thousand in 2018 and 576 thousand barrels daily in 2019. Demand declined significantly to 465 thousand barrels daily in 2020, reflecting reduced transportation activity and broader economic disruptions. Consumption recovered to 502 thousand barrels daily in 2021, increased to 512 thousand in 2022, and reached 522 thousand barrels daily in 2023. Although the recovery was steady, consumption remained below pre-pandemic levels by the end of the review period.
Overall, the dataset demonstrates a gradual moderation in South Africa's oil consumption with a temporary decline during 2020 followed by a sustained recovery. The improving trend recorded after 2020 reflects strengthening economic activity, recovering transportation demand, and renewed industrial fuel consumption. The dataset serves as a valuable resource for monitoring oil consumption trends, evaluating energy demand, supporting market analysis, forecasting future petroleum consumption, and enabling policymakers, researchers, investors, and industry stakeholders to develop informed energy policies, infrastructure strategies, and long-term investment decisions.