Top 5 Countries with the Highest Oil Consumption in the World

3. India

Consumption of barrels per day in 2023 (in thousands): 5,446          

Consumption of barrels per day in 2022 (in thousands): 5,209        

Year-over-Year Change in Consumption: 4.5%

While the oil consumption in India increased by 4.5% in 2023 over the previous period, this trend continues to play a part in the first four months of 2024; the demand and hence, consumption of oil in the country increased by 4.8% to 3.7 million tons over the same period of 2023. This trajectory is attributed to the products diesel, gasoline, and liquefied petroleum gas (LPG), which together have a share of two-thirds of this total consumption in the country, according to the Indian government’s Petroleum Planning and Analysis Cell.