STO reduces price of fuel

Photo/Fuel Supplies Maldives

State Trading Organization (STO) has reduced the price of petrol and diesel.

STO says the company had reduced the price of a diesel liter by 20 laari, while petrol prices have been reduced by 30 laaris.

With the changes, a liter of diesel will now sell for MVR 10.21, while a petrol liter will sell for MVR 10.11.

STO had increased prices of fuel in January, citing global prices. In last January, a liter of diesel54 laaris.

Last price reduction was in June 2017, following a five percent reduction in duties levied on fuel, passed by the Parliament.

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