India to Supply Petrol and Diesel to Mauritius Under a 5-Year Deal With Indian Oil

India and Mauritius have signed a five-year fuel supply agreement, designating Indian Oil to meet all petroleum needs of the island nation.

India imports crude oil from roughly 40 countries across the globe, yet it processes this raw material into refined petrol and diesel to supply dozens of nations. From immediate neighbors like Nepal and Bangladesh to distant European countries, Indian refineries export millions of barrels of petroleum products annually. Mauritius is now set to join this extensive list, receiving its required petrol, diesel, and aviation turbine fuel directly through an Indian corporate entity.

India and Mauritius have finalized a 5-year fuel supply agreement. Under this formal pact, the state-owned enterprise Indian Oil will manage the complete supply of petrol, diesel, and aviation fuel for Mauritius over the next five years. This arrangement is widely viewed as a significant milestone in strengthening bilateral ties within the Indian Ocean region. The agreement was successfully concluded during the official visit of Petroleum Minister Hardeep Singh Puri to Mauritius. The terms of the pact also encompass crucial areas such as energy security, oil and gas supply chains, and technical training and capacity-building measures.

Expanding Global Footprint and Refining Might
Under this long-term agreement, Indian Oil has committed to providing guaranteed fuel deliveries to the island nation. The company has clarified that ongoing fluctuations in international oil prices will not disrupt this committed supply. This marks one of the most prominent long-term supply pacts secured by a public sector undertaking in South Asia in recent years. Through this arrangement, Indian Oil will shoulder the responsibility of meeting the entirety of Mauritius's petroleum and jet fuel requirements.

India continues to emerge as a dominant global refining hub. A network of 23 domestic refineries collectively processes approximately 267 million tonnes of petroleum products every year. Consequently, even though the country imports nearly 85 percent of its crude oil requirements, it maintains a robust presence in the refined product export market. India currently exports petroleum goods to numerous territories, including Nepal and Bhutan. Government representatives noted that despite global market disruptions, supply lines to Nepal and Bhutan were never compromised, a reliability standard that now extends to Mauritius.

Strategic Marine Bunker Development
Petroleum Minister Hardeep Singh Puri has also advanced plans to construct marine storage facilities along the coastline in collaboration with Mauritius. Both nations have finalized an agreement to build a marine bunker featuring a storage capacity of 27,500 tonnes. This strategic collaboration enhances India's geopolitical standing and operational footprint across the Asia-Pacific region while providing Indian Oil with fresh avenues for commercial expansion.

What this means for you
Across India: The agreement reinforces the country's refining capabilities and boosts its standing as a reliable global petroleum exporter.

In Mauritius: The island nation secures a guaranteed, stable supply of petrol, diesel, and aviation fuel for the next five years.

Questions & Answers

1. What is the duration of the fuel supply agreement between India and Mauritius?
The agreement has been established for a duration of 5 years.

2. Which company will supply fuel to Mauritius under this pact?
The Indian state-owned enterprise Indian Oil will supply all required petrol, diesel, and aviation fuel to Mauritius.

3. Which Indian minister oversaw the finalization of this agreement in Mauritius?
Petroleum Minister Hardeep Singh Puri finalized the agreement during his visit to Mauritius.

4. What is the storage capacity of the planned marine bunker in Mauritius?
The agreement includes the construction of a marine bunker with a storage capacity of 27,500 tonnes.

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