State Trading Organization (STO) on Sunday, May 26, 2024, has announced yet another reduction on the conventional fuel prices.
This time around, the largest state-owned enterprise (SOE) has sliced fuel prices owing to desirable price cuts on the commodity in the global market.
In light of the global fuel price slip, STO said it will be reducing MVR 0.70 per diesel liter and MVR 0.35 per petrol liter. With these reductions, petrol will now be sold at MVR 13.98 per liter and diesel at MVR 13.92 per liter.
STO further said that these timely price revisions reflect on the corporation’s commitment to enhancing the livelihoods of the customers and the Maldivian public.