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businessState Trading Organization

STO hikes diesel price, prompted by global rates

3 އެޕްރީލު 2018 | އަންގާރަ 06:54

STO said that the price hike will take effect from Tuesday, 3rd April, onwards

| 3 އެޕްރީލު 2018 | އަންގާރަ 06:54
The State Trading Organization\'s primary headquarters in capital city Malé

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.

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