India, Mauritius sign five-year petroleum supply agreement

India and Mauritius have signed a landmark five-year agreement for the supply of petroleum products, marking the first long-term fuel supply pact between an Indian public-sector oil company and a nation outside South Asia in recent years. The deal was finalized during a visit by India's Petroleum and Natural Gas Minister, Hardeep Singh Puri, to Mauritius this week.

Under the agreement, Indian Oil Corporation Limited (IOCL) will supply the entire import requirement of Mauritius for Motor Spirit (petrol), High Speed Diesel, and Aviation Turbine Fuel. The pact is designed to provide Mauritius with long-term supply certainty, greater price stability, and enhanced energy security. The arrangement was signed between IOCL and the State Trading Corporation of Mauritius.

The agreement is accompanied by a government-to-government memorandum of understanding on oil and gas cooperation. This MoU institutionalizes the longstanding energy partnership between the two countries, which dates back to 2001 when Indian Oil began serving Mauritius through its local subsidiary. The cooperation framework now extends beyond conventional fuels to include training and capacity building for Mauritian...