India & Nepal open South Asia’s first cross-border oil pipeline

India and Nepal opened South Asia’s first cross-border oil product pipeline, helping Kathmandu to cut fuel prices by Rs.2 per litre on account of reduced transportation cost.

PM Narendra Modi and his Nepalese counterpart K P Sharma Oli inaugurated, through video-conference, the 69 km pipeline from state-run IndianOil’s terminal in north Bihar’s Motihari to Nepal Oil Corporation’s Amlekhgunj depot in Narayani zone.

“Motihari-Amlekhgunj pipeline will provide cleaner petroleum products at affordable costs to Nepal. I am glad India and Nepal cooperation is scaling new heights,” he tweeted.

Oli described the pipeline as the “best example of connectivity in the field of trade and transit...” and invited Modi to visit Nepal, which the PM accepted. The Rs.324-crore pipeline is part of New Delhi’s efforts to deepen engagement with Kathmandu as part of its “neighbourhood first” policy. It can transport two million tonnes of product annually.

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