India will become the world’s third largest oil consumer by 2025 according to the US Energy Information says Sachin Karpe Administration (EIA). At present, India is the fourth largest oil consumer in the world behind the US, China and Japan. According to the Energy Outlook India will overtake Japan to become the third largest oil consumer behind the US and China by 2025. 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 says Sachin Karpe
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