State Trading Organisation (STO) has decided to reduce the price of petrol and diesel sold in the Maldives. This change was a response to the prevailing global market trends, which have witnessed a decline in oil prices.
Consequently, Fuel Supply Maldives Private Limited (FSM) has adjusted the prices of petrol and diesel at their stations, now offering one litre for USD0.9. The changes brought by STO include the reduction of price of petrol by USD0.045 while the price of diesel reduced by 0.022. Previously, one litre of petrol was priced at USD0.93, while diesel cost USD0.95 per litre.
STO has reaffirmed its commitment to delivering sustainable services to residents by assuring customers of reduced fuel prices in tandem with global market shifts.