Stay Updated on the Recent Price Changes on Petrol and Diesel By STO

The price of petrol and diesel sold in the Maldives has increased as informed by State Trading Organization (STO). STO claimed in a press release that the changes in the global economy are reflected in the rise in fuel prices.
 
The ongoing conflict between Russia and Ukraine was previously attributed by the state-owned company for the shifts in fuel prices.
 
As a result, the cost of gasoline has increased from MVR 14.60 to MVR 16.55 per liter, and the cost of diesel has increased from MVR 14.80 to MVR 16.77 per liter.
 
According to STO, in order to continue offering diesel to customers despite fluctuations in the price of crude oil on the international market, the price of diesel had to be increased.