New Delhi: India is considering exporting fuel to Pakistan.
According to Reuters, India if allowed will export fuel to Pakistan to help its neighbour meet a shortfall, an Indian official said on Monday, a move that could bring a new market for refiners such as Reliance Industries and Essar Oil.
Like much of their commerce, fuel trade between the two nuclear-armed neighbours has been held hostage to their years of hostility, with Pakistan intermittently lifting a ban on imports of Indian petroleum products when relations have improved.
“It’s a possibility that is being looked at with a positive frame of mind from our side,” an Indian government official said on condition of anonymity given the sensitiveness of relations between the two nations.
It was not immediately clear how much fuel could be exported by India and from when.
On Monday, the Economic Times newspaper said New Delhi had agreed to export fuels to Pakistan and provide a new market for large refineries of Reliance Industries and Essar Oil.
“Pakistan is … keen to import refined petroleum products from across the border to save cost,” the newspaper quoted an Indian government official with direct knowledge of the matter as saying.
“The Indian side will firm up the proposal in an internal meeting on Monday before the bilateral meeting,” the unnamed source told the paper.
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