business
State Trading Organization
STO hikes diesel price, prompted by global rates
STO said that the price hike will take effect from Tuesday, 3rd April, onwards
Raajje.mv | 3 އެޕްރީލު 2018 | އަންގާރަ 06:54
The State Trading Organization\'s primary headquarters in capital city Malé
The State Trading Organization (STO) hiked prices of diesel in the Maldives, given the spike of diesel costs in the global market.
The state-operated wholesaler lifted its price by 20 laari (MVR 0.20) – laari being the unit that the Maldivian Rufiyaa is subdivided into.
Given this change in price, a liter of diesel will now cost MVR 10.41 (about USD 0.68).
STO said that the price hike will take effect from Tuesday, 3rd April, onwards.
