State Trading Organization (STO) has announced reduction of fuel prices once more.
The price adjustments will be implemented by its subsidiary Fuel Supplies Maldives (FSM). The price reduction will be reflected on both petrol and diesel prices. Petrol prices have gone down to MVR 0.41 per liter while diesel has reduced to MVR 0.63 per liter.
Before the latest price revision, petrol was sold at MVR 15.14 while diesel was sold at MVR 15.70. With the current reduction, petrol will now be sold at MVR 14.73 per liter and diesel at MVR 15.07 per liter.