India's appetite for petroleum products consumption to drop to 6-year low

India expects its oil consumption to expand at the slowest pace in six years as the economy sputters.
 
The nation’s consumption of petroleum products in the financial year to March 2020 is expected to rise by 1.3 per cent to 216 million tons, the oil ministry’s Petroleum Planning and Analysis Cell said in its estimates. That’s the slowest since the 0.9 per cent demand growth in 2013-14, when crude oil averaged over $100 a barrel.
 
Slowing consumption growth reflects a widespread slump in demand for goods from cars to houses. India’s economic growth is at a six-year low