The Indian Oil Corporation Limited (IOCL) signed a Memorandum of Understanding (MoU) with the Bangladesh Roads and Highways Department in Dhaka amid huge fuel crisis in the North Eastern states on Wednesday.
The Indian High Commission highlighted the matter in a tweet.
The tweet stated that the petroleum products and LPG will be sent to states of Tripura, Mizoram and Manipur through oil tankers via Bangladesh.
These tankers will enter from Meghalaya and go to Tripura.
IOCL will bear all administrative fees, local tolls and expenses including road fees of Bangladesh territory.
Recent heavy monsoon rainfall and landslides in Assam have generated a major obstacle in the transportation in the northeast through Assam.
Therefore, Bangladesh has given permission to ferry the petroleum products through the country based on the request of IOCL and Indian government.
All formalities have been finalized and the transportation will commence soon.
The MoU agreement would decrease the transportation burdens of petroleum products to landlocked states like Tripura, Mizoram and Manipur during the rainy season.
It is reported that various petro and petroleum products from Assam would enter into Bangladesh through Meghalaya’s Dawki border.
Besides, the transported goods will enter Kailashahar of Tripura through the Moulavibazar border in Unakoti district.