India's oil product demand is set to grow at its slowest pace in more than a decade in the current financial year as the country's economy stutters and consumption falls amid government subsidy cuts. Fuel demand is now expected to be flat at 157.50 million tons in the year ending March 2014, down from a forecast made in May of 4.1% growth to 162.03 million tons, according to the website of India's Petroleum Planning and Analysis Cell (PPAC), a data arm of the federal oil ministry. Flat growth in product consumption was last noted in the year ended March 2002.
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