India and Nepal on Tuesday 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 videoconference the 69km pipeline from IndianOil’s terminal in Motihari in north Bihar to Nepal Oil Corporation’s Amlekhgunj depot in Narayani zone of southern Nepal. Oli described the pipeline as “best example of connectivity in the field of trade and transit... between Nepal and India”.
India and Nepal on Tuesday 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 videoconference the 69km pipeline from IndianOil’s terminal in Motihari in north Bihar to Nepal Oil Corporation’s Amlekhgunj depot in Narayani zone of southern Nepal. Oli described the pipeline as “best example of connectivity in the field of trade and transit... between Nepal and India”.
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