India becomes third largest oil consumer in The World

India has surpassed Japan to become the world’s third-largest oil consumer.
•    With its oil demand galloping 8.1 per cent in 2015, according to BP Statistical Review of World Energy. 
•    With demand of 4.1 million barrels a day, India is the third-largest consumer behind the U.S. (19.39 million bpd) and China (11.96 million bpd). India accounted for 4.5 per cent of world oil consumption in 2015.
•    India’s demand growth surpassed China’s 6.3 per cent expansion. 
•    The U.S. oil consumption grew 1.6 per cent, which accounts for 19.7 per cent of the total world pie of 95 million bpd in 2015.
•    Japan slipped to the fourth spot after its oil usage contracted 3.9 per cent to 4.15 million bpd in 2015. 
•    In 2014, it used 4.3 million bpd, ahead of India’s 3.84 million bpd.
•    The review shows that global demand for primary energy grew only 1 per cent in 2015, which is significantly slower than the 10-year average.
•    Oil remained the world’s leading fuel, accounting for 32.9 per cent of global energy consumption and is gaining market share for the first time since 1999. 
•    Coal came in as the second-largest fuel by market share (29.2 per cent).
•    Natural gas’ market share of primary energy consumption stood at 23.8 per cent.