India has surpassed Japan to become the world’s third-largest oil consumer, with its oil demand galloping 8.1% in 2015, according to BP Statistical Review of World Energy.
With demand of 4.1 million barrels per day, India is the third-largest consumer behind US (19.39 million bpd) and China (11.96 million bpd).
India accounted for 4.5% of world oil consumption in 2015. India’s demand growth surpassed China’s 6.3% expansion.
US oil consumption grew 1.6%, which accounts for 19.7% of the total world pie of 95 million bpd in 2015.
Contributed By Sonia Narula