India to overtake Japan to become third-largest oil consumer: US.

India will overtake Japan to become the world's third largest oil consumer behind the US and China by 2025, the US Energy Information Administration (EIA) said.

EIA in its Annual Energy Outlook said India’s oil consumption will rise from 3.68 million barrels per day (bpd), or 173.5 million tonnes, in 2012 to 5.19 million bpd in 2025, overtaking Japan’s 4.38 million bpd consumption. Japan consumed 4.75 million bpd of oil in 2012.

India currently is the fourth largest oil consumer in the world behind the US, China and Japan. The US will continue to be the world's biggest oil consumer but with almost no demand growth. The US consumed 18.21 million bpd of oil in 2012, projected to rise to 19.23 million bpd in 2020 before falling to 18.97 million bpd in 2025 and to 18.42 million bpd in 2040.

LIVEMINT