India and Mauritius Seal Five-Year Petroleum Supply Agreement

Gist India and Mauritius have formalized a five-year energy partnership where the Indian Oil Corporation IOC will meet the island nation's entire import requirement for petrol, diesel, and aviation turbine fuel. This marks the first long-term supply agreement by an Indian public-sector oil marketing company outside South Asia in recent years. By shielding Mauritius from price volatility and ensuring energy security, the pact reinforces New Delhi's strategic positioning as a dependable net security provider in the Indian Ocean Region. Background Mauritius is an island nation strategically located in the Indian Ocean, relying heavily on imports to meet its domestic energy requirements, which exposes it to global supply chain disruptions and price shocks. The Indian Oil Corporation IOC is a central public sector enterprise under the regulatory purview of India's Ministry of Petroleum and Natural Gas . Prior to this, Indian public-sector oil marketing companies primarily focused their long-term supply agreements within the immediate South Asian neighborhood. This agreement elevates India's role from a conventional development partner to a primary guarantor of Mauritius's energy security, formally linking the energy infrastructure of…