My Khyber has at least 300k km (meter stops working every now and then). I use Caltex 10w-30; it loses a 1-1.25 liters every 5k km or so, which is perfectly normal. I just top it up when required. PCV valve is clean, and no smoke on cold starts or during driving. The spark plugs are oil free too.
This has been discussed countless times on the forums; use 10w-40 in your car without thinking about it.
As for the oil reduction problem, it should be alarming only if you are losing multiple liters frequently.
Check the usual culprits of oil consumption if you are worried; check the PCV valve, especially if the car has been running on direct fan without thermostat.