STO slashes petrol and diesel prices
Effective from 14th January onward, price of diesel has been reduced by MVR two and petrol by MVR one
FSM Petrol Shed
State Trading Organization (STO) has slashed their diesel and petrol prices.
According to the organization, the price slash comes in regard to the worldwide reduction of diesel and petrol prices.
Effective from 14th January onward, price of diesel has been reduced by MVR two and petrol by MVR one.
With this reduction, a liter of diesel will now cost MVR 9.99 and a liter of petrol will now cost MVR 10.19.
Previous prices were MVR 11.99 for a liter of diesel and MVR 11.19 for a liter of petrol.
The government has granted permission for petrol stations to be kept open round the clock on 04th December. This change was brought after a bill proposing an amendment to the import and export act of Maldives. Prior to the amendment, petrol and diesel stations operated from 5am to 12am.
However, establishments will be allowed to be kept open round the clock if it has the required permit from the government to operate 24/7.
