STO hikes diesel price, prompted by global rates

  • STO said that the price hike will take effect from Tuesday, 3rd April, onwards
  • This mean that a liter of diesel will now cost MVR 10.41 (about USD 0.68)

K. Male' | 03-April-2018 | Tuesday 07:44 | Business | 2,090

The State Trading Organization's primary headquarters in capital city Malé -- Photo by: Raajjemv

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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