Mauritius and India Sign Five-Year Refined Petroleum Product Supply Agreement

en.Wedoany.com Reported - On August 20, Mauritius and India completed the exchange of an intergovernmental memorandum of understanding on oil and gas cooperation, while the State Trading Corporation (STC) of Mauritius and Indian Oil Corporation Limited (IOCL) signed a long-term refined petroleum product purchase and sale agreement. The agreement has a term of five years, under which IOCL will supply all of Mauritius's import requirements for gasoline, high-speed diesel, and aviation turbine fuel. The agreement did not disclose annual procurement volumes, contract value, or specific pricing terms.

This supply arrangement was jointly advanced by the Government of Mauritius and the Government of India. On March 20 this year, the Mauritian Cabinet approved the signing of a memorandum of understanding on oil and gas cooperation between the two countries, covering cooperation in petroleum product supply, maintaining Mauritius's refined petroleum product supply, as well as biofuels and capacity building. The memorandum confirmed that India would supply petroleum products through IOCL to STC, representing the Government of Mauritius.

The five-year purchase and sale agreement covers three product categories: Motor Spirit, High Speed Diesel, and Aviation Turbine Fuel. The Indian side confirmed that this is the first long-term supply agreement of its kind signed by an Indian state-owned petroleum marketing enterprise outside South Asia in recent years. In addition to refined petroleum product supply, bilateral oil and gas cooperation also includes training for Mauritian personnel, knowledge exchange on biofuels, and research collaboration.

In 2025, Mauritius imported 223,300 metric tons of gasoline, 361,100 metric tons of diesel, and 282,000 metric tons of aviation fuel, totaling approximately 866,400 metric tons across the three product categories; during the same period, total petroleum product imports, calculated in oil equivalent, amounted to 2,339,970 metric tons, an increase of 17.7% year-on-year. In 2025, petroleum product import expenditure reached 67.776 billion Mauritian rupees. The actual annual supply volumes under this five-year agreement will be executed in accordance with Mauritius's import requirements in future years, and the two sides have not yet announced fixed annual procurement volumes.

During the agreement signing period, a groundbreaking ceremony was simultaneously held for the marine fuel storage facility of India Oil (Mauritius) Ltd at Mer Rouge, Port Louis. The project has a designed storage capacity of 27,500 metric tons and is intended to expand local marine fuel storage and supply facilities. This storage project is being implemented separately from the long-term purchase and sale agreement for gasoline, diesel, and aviation fuel.

Mauritius's energy supply currently remains predominantly dependent on imported fuels. In 2025, the country's primary energy demand stood at 1,631,400 metric tons of oil equivalent, of which imported fuels accounted for 90.8%; petroleum products represented 85.5% of all energy imports. During the same period, total energy imports, including coal and petroleum products, reached 71.422 billion Mauritian rupees, accounting for 22.4% of the country's total import expenditure.