Consider the following statements in this regard -
1. According to the The US Energy Energy Information Administration (EIA) annual Energy Outlook , India is the fourth largest oil consumer in the world behind the US, China and Japan.
2. India's oil consumption growth rate will be the highest in the world with a 3 percent compounded annual growth rate from 2012 to 2040.
3. The oil consumption of India will reach 6.11 million bpd in 2030 and 8.33 million bpd in 2040.
4. In 2013, India overtook Japan to become the world's third-biggest crude oil importer and imported 3.86 million bpd of crude oil which was nearly 6 percent higher than Japan's imports of 3648372 bpd.
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