The State Trading Organization (STO) announced on Sunday that it was cutting diesel prices by MVR 0.70 per litre and petrol prices by MVR 0.35 per litre, citing lower global fuel prices. Diesel is now MVR 13.92 per litre and petrol MVR 13.98 per litre, with the government providing STO with MVR 1.9 billion in fuel subsidies in 2023 and MVR 770 million earmarked in this year's budget.
Tracked MVR 0.70 per litre Fuel and gas prices
One outlet so far Only Maldives Republic has reported this among the sources we monitor. A gap in what we monitor, not proof that others did not report it.
Following the adjustment, diesel is now priced at MVR 13.92 per litre, and petrol is available at MVR 13.98 per litre, according to the announcement made on Sunday.
Word for word from the report in Maldives Republic. Open the report
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The state-owned company has lowered diesel prices by MVR 0.70 per litre and petrol prices by MVR 0.35 per litre.
Word for word from the report in Maldives Republic. Open the report
The state-owned company has lowered diesel prices by MVR 0.70 per litre and petrol prices by MVR 0.35 per litre.
Word for word from the report in Maldives Republic. Open the report
Following the adjustment, diesel is now priced at MVR 13.92 per litre, and petrol is available at MVR 13.98 per litre, according to the announcement made on Sunday.
Word for word from the report in Maldives Republic. Open the report
Following the adjustment, diesel is now priced at MVR 13.92 per litre, and petrol is available at MVR 13.98 per litre, according to the announcement made on Sunday.
Word for word from the report in Maldives Republic. Open the report
The company regularly adjusts the prices of fuel it sells in response to global fuel prices, which currently stand between US$77 and US$83 per barrel.
Word for word from the report in Maldives Republic. Open the report
In 2023, the government provided STO with MVR 1.9 billion in fuel subsidies, and MVR 770 million is earmarked for the same purpose in this year’s budget.
Word for word from the report in Maldives Republic. Open the report
In 2023, the government provided STO with MVR 1.9 billion in fuel subsidies, and MVR 770 million is earmarked for the same purpose in this year’s budget.
Word for word from the report in Maldives Republic. Open the report