India’s petroleum consumption is currently about 5 million barrels per day, which is growing at 3% — higher than the average global growth rate of around 1% — Union petroleum minister Hardeep Singh Puri was quoted as saying on Friday.
Puri said that the government has managed global energy challenges “very well” by shielding the economy from vagaries of international oil prices.
“Government of India has navigated the global energy challenges very well, insulating the developing economy from the rising global crude and gas prices. At present, five million barrels of petroleum is being consumed in our country every day and it is also increasing by three percent, which is higher than global average of around one per cent,” an official statement quoting Puri said.
