The State Trading Organization (STO) has raised the price at which it sells diesel and petrol.
STO, the state’s primary wholesale and retail arm, raised the prices by over half-a-rufiyaa, effective Monday.
It hiked the price of diesel by MVR 0.53 per liter and petrol by MVR 0.57 per liter. Therefore, while petrol prices cost MVR 8.95 a liter before, it now costs MVR 9.52 and diesel costs MVR 9.17 a liter.
A statement from the company said that the price hike is due to a rise in fuel prices in the international market.