News
According to the ministry, the additional subsidy is being provided alongside the government’s existing programme, introduced in 2019, to supply duty-free diesel to fishing vessels.
Mohamed Hilmy
02 September 2026, 06:54
The Ministry of Fisheries has made registration through its “Fahi Hakatha Portal” mandatory for fishing vessels seeking the additional fuel subsidy introduced following the sharp rise in global oil prices caused by the Middle East conflict.
In a circular issued today, the ministry said the requirement was introduced to strengthen the administration of the fuel subsidy scheme. Previously, the subsidy was provided to all licensed fishing vessels without requiring them to submit a request through the portal.
“Therefore, all vessels engaged in tuna fishing that are not registered on the Ministry’s Fahi Hakatha Portal are requested to register by September 15, 2026,” the circular stated.
According to the ministry, the additional subsidy is being provided alongside the government’s existing programme, introduced in 2019, to supply duty-free diesel to fishing vessels.
The latest subsidy was introduced after the conflict between the United States and Iran disrupted oil supplies and drove up global fuel prices. Iran’s closure of the Strait of Hormuz further affected supplies, causing fuel prices to rise sharply and making it increasingly difficult for fishing vessels to afford trips to sea.
No comments yet. Be the first to comment!
News
MAHRP Learning and Development Conference to Be Held This Saturday
02 Sep 2026
News
Task Force Formed to Investigate Illegal Dollar Trading
02 Sep 2026
News
BML Dismisses Circulating Letter on Homeland Ministry Data Request as Fake
31 Aug 2026
News
6 Foreigners Arrested for Illegal Dollar Trading; Over MVR 54 Million Circulated
31 Aug 2026