Maldive Gas increases prices for commercial customers
Despite rising global gas prices, Maldive Gas has decided to maintain current rates for domestic households while increasing prices for commercial entities, resulting in a 25 percent hike for resorts and a 15 percent increase for cafes and restaurants.
A Maldive Gas plant. | Copporate Maldives
The state-owned gas supplier, Maldive Gas, has announced a decision to increase the price of cooking gas sold to commercial businesses.
The company has announced that under these changes, gas prices for resorts have been increased by 25 percent, while rates for cafes, restaurants, and hotels have risen by 15 percent.
Maldive Gas, a subsidiary of STO, stated that the price adjustment applies exclusively to gas sold to businesses. The company confirmed that there have been no changes to the prices charged to residential households.
Maldive Gas has announced a price adjustment for its 45kg gas cylinders supplied to resorts. Under the new pricing, a refill will now cost MVR 1,345.50, an increase from the previous rate of MVR 1,170.
The company announced that the price for refilling a 22kg gas cylinder for commercial customers has been set at MVR 500, marking an increase from the previous rate of MVR 400.
Maldive Gas stated that the price adjustment was necessitated by the ongoing conflict in the Middle East, which has led to global supply shortages and a significant increase in the costs associated with importing gas.
Following the recent adjustment in gas prices, it is anticipated that costs at food and beverage establishments will increase.
