Import of fuel from China not against any country: Nepal PM

Image
IANS Kathmandu
Last Updated : Nov 15 2015 | 10:28 PM IST

Nepal's move to import fuel from China was not directed against any country, Nepal's Prime Minister K.P. Sharma Oli said without naming India.

Oli, in a televised address to the nation, said: "The decision (to import fuel from China) is not directed against any country. It is a step to make Nepal's trade relations diversified and balanced."

Nepal has formally asked China to supply petroleum products after it suffered a huge crisis as India allegedly blocked all supplies. India has categorically denied the allegation.

Following the request, China signed a framework agreement with Nepal in October for supply of petroleum products.

"The roads connecting China will be upgraded and efforts to bring fuel from other friendly countries would also be initiated," Oli was quoted as saying by Xinhua.

A team has already reached Bangladesh to discuss the possibility of importing fuel from there, local media earlier reported.

The prime minister said the Nepalese people had to suffer as a result of over-dependence on a single country (India) when the southern neighbour imposed "undeclared embargo".

He said Nepal was pushed to the brink of a humanitarian and economic crisis after fuel, medicine and food items were stopped on the Indian side of border.

"This incident has shown that Nepal's trade relations are unbalanced and one-sided," said Oli. "It will be our duty to take steps to develop a self-reliant economy."

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 15 2015 | 10:14 PM IST

Next Story