India sets new Record -India has surpassed Japan to become the world’s third-largest oil consumer
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.