India becomes third largest oil consumer

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i. According to recently released BP Statistical Review of World Energy India has surpassed Japan to become the world’s third-largest oil consumer.
ii. With the demand of 4.1 million barrels a day (BPD), India is the third-largest consumer behind the United States (19.39 million BPD) and China (11.96 million BPD).
iii. India accounted for 4.5% of world oil consumption in 2015 and its oil demand galloped 8.1% in 2015. India’s oil demand growth had surpassed China’s 6.3 per cent expansion.

 

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