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Business EconomyPosted at: Aug 19 2016 10:54AM


IOCL to send petroleum products through roadways to Bangladesh

Guwahati, Aug 19 (UNI) Indian Oil Corporation Limited (IOCL) has signed a MoU with the Bangladesh government to dispatch petroleum products through roadways from Meghalaya and Tripura to the neighbouring country.
"IOCL and the Roads and Highways Department of People’s Republic of Bangladesh, signed a Memorandum of Understanding in Dhaka.The MoU enables IOCL to send its trucks carrying Motor Spirit, High Speed Diesel, Superior Kerosene Oil & Liquefied Petroleum Gas from Meghalaya to Tripura via territory of Bangladesh", a statement from IOCL said.
The validity of this facility is till end September 2016. Both sides have also agreed to extend the transit facility for a further short period on need basis, the statement said.
The work on the broad gauging of the railway track in the North-Eastern region has shifted the goods vehicle traffic on the roads.
Further, due to heavy rains in the region this Monsoon, the roads, including NH 44, have been affected resulting in non plying of goods trucks, including those carrying petroleum goods to Tripura. This resulted into a situation of scarcity of essential petroleum goods, it said.
UNI ABI JW ADG 1055
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