Maldives slashes electricity fuel surcharge

STELCO building in the capital Male. MIHAARU PHOTO

State Electric Company (STELCO) on Sunday shaved off eight percent from its electricity fuel surcharge rates following the changes brought to oil prices by State Trading Organisation (STO).

In a statement, STELCO disclosed that the rate at which it purchases oil from STO has been reduced by 10 laari (MVR 0.10) to MVR 9.18 per litre from Sunday onwards.

Full details are available from the link below:

Source URL: Mihaaru-Business

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