Politics Society & Culture

Maldives slashes rates of staple food, oil products

Sacks of flour being carried out of STO's warehouse for staple foods. FILE PHOTO/MIHAARU

State Trading Organisation (STO) has decided to cut the rates of staple food, petrol and diesel coming Sunday onwards.

STO’s Managing Director Ahmed Shaheer told reporters on Thursday that the company decided to lower the rates of oil products and staple foods, which are rice, sugar and flour, as the government has eased provision of funds for the importation of these goods.

According to the new rates, sacks of sugar and rice will be sold for MVR 60 each which is a 15 percent drop from the current rate, while MVR 35 is to be slashed from the price of a sack of flour, which is a 12 percent decrease.

Meanwhile, STO is to decrease the rates of petrol and diesel by 20 laari (MVR 0.20) and 10 laari (MVR 0.10) respectively.

Full details are available from the link below:


Source URL: Mihaaru-News

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