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Petrol and electricity are supplied from India in Nepal, yet petrol and electricity in Nepal are cheaper than India. The main reason for this is the low tax and cheap supply-chain, while in India, they charge heavy taxes on it. Which increases prices.
100 percent of Nepal’s oil needs are supplied from India only. Nepal looked at China for oil supply as an alternative, but it understood, it will prove to be very expensive. India, especially by laying an oil pipeline for Nepal, has also started sending oil from it.
Oil supply to Nepal always
Large -scale essential items from India go to Nepal daily from India via trucks.
Hundreds of oil tankers and oil pipeline daily
Indian Oil Corporation is its partner company. The oil of Nepal’s needs goes through the IOC. IOC also does the work of supply and distribution in those areas of Nepal, which touches India.
Not only this, a 69-km oil pine line was started between Motihari-Akhlajganj last year to supply oil to Nepal and easier. This made the oil supply to Nepal easier. According to the latest data, Nepal Oil Corporation buys 71673 kiloliter oil every year from India. The goods that exported from India to Nepal are about 28 percent of the trade.
Oil in Nepal cheaper than India
Hundreds of oil tankers from India keep running daily in the border areas of Nepal.
The Nepal government imposes very little tax on petrol. Many times give rate fix or subsidy, due to which the prices remain stable. In India, heavy tax is charged by the state and the center, due to which the prices of petrol are part of the tax of up to 40-50%. Nepal’s currency is weaker than the Indian rupee, which makes a slight difference, but the main reason for the price is tax and supply. As a result, petrol in Nepal is sold cheaper than 20–27 rupees per liter of India.
At what rate Nepal electricity
India’s investment on a large scale
India has invested in Nepal on a large scale. Of course, China is investing in Nepal very fast, but Indian investment is still much higher than China in Nepal. Indian companies provide jobs in Nepal on a large scale. Two-thirds of the need for Nepal goes from India. In which 100 percent petroleum products are supplied, then a huge amount of money from India also goes to Nepal as a pension.
Hey funds go from India as pension
65 percent trade from India
India is the largest business partner of Nepal. Nepal does 65 percent of its total trade with India. In the year 2021-22, Nepal’s import from India reached Rs 1.20 trillion, which is so far. However, after that Nepal tried to reduce it. Nepal’s imports from India decreased to Rs 1.02 trillion in the financial year ended in mid -July 2023.
What goods do Nepal go from India
Now let’s see which goods from India go to Nepal. Apart from petroleum products, it includes motor, car, other vehicles and spare parts (7.8 percent), steel (07 per cent), medicines (3.7 per cent), machinery and other connected goods (3.4 per cent), power equipment (2.7 per cent). Apart from this, all other types of decorations go there.
What does Nepal send
India’s role in Nepal’s economy has always been special. In the last two decades, many companies of India have established big projects there. These companies give jobs to thousands of people there every year. Other large number of Nepali also come to India and also do jobs. If India draws its hand from Nepal, then there will be a big shock for Nepal.
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