STO again bumps oil prices in Maldives

Petrol shed

Government and public owned State Trading Organization (STO) has once again hiked the petrol and diesel prices.

The new bump sees an inclusion of 14 Laari on diesel per litre and 35 Laari on petrol per litre. With this addition to the existing prices, the new sales price on diesel has hit MVR11.13 per litre and MVR10.77 on petrol per litre.

The prime importer of oil to the Maldives, STO had stated the price bump is the result of crude oil price hiking in the international market.

The public limited corporation had most recently sliced its petrol and diesel prices back on May 6. Back then diesel added 20 Laari per litre and petrol added 30 Laari were skimmed bringing down the prices to MVR10.21 on diesel per litre and MVR10.11 on petrol per litre.

Full details are available at the link below:

Source URL: Google News

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