The demand for oil in india is increasing continuously. According to a new report by OPEC, the Organization of Petroleum Exporting Countries, india is going to have the highest oil demand in the world in 2025 and 2026. This is more than double that of China. india is one of the fastest growing economies in the world. The demand for energy is also increasing day by day here. As a result, the demand for oil in india is estimated to increase from 5.55 million barrels per day (bpd) in 2024 to 5.74 million bpd in 2025, which shows an increase of 3.39 percent.
America imports the most oil
According to a report by news agency PTI, this growth is expected to continue in 2026 as well, reaching 5.99 million bpd, which shows an increase of 4.28 percent in a year. In contrast, oil demand from china is projected to grow by only 1.5 per cent in 2025 and 1.25 per cent in 2026. This shows that india is the largest consumer of oil in the world.
Despite this, the US is the largest importer of oil. Its projected demand in 2025 will be 20.5 million BPD, followed by china at 16.90 million BPD and 17.12 million BPD in 2026. Given the rapidly growing oil consumption, india is third on this list. oil demand from the US is expected to grow marginally by 0.09 and 0.6 per cent in 2025 and 2026, respectively.
india imports this much oil
According to previous estimates made by OPEC, the demand for oil in the whole world is expected to increase by a total of 1.3 million BPD in 2025 and 2026. OPEC said, India's economy is growing rapidly. The current pace of strong economic growth is expected to continue, driven by consumer spending, investment and government support for key sectors. india currently imports more than 85 percent of its crude oil requirement. After this, it is converted into fuels like petrol and diesel through refining. OPEC said that India's crude oil imports reached a record high of 5.4 million BPD in March, which shows an increase of more than 5 percent in a month..jpg)
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