STO to reduce fuel prices

FSM fuel station in Hulhumalé - Sun Photo: Mohamed Afrah

State Trading Organization (STO) has decided to drop the price of diesel and petrol being sold by the company. 

Media Official of STO said that they would be deducting MVR 0.20 per liter of diesel and MVR 0.30 from each liter of petrol. Fuel will be available at the new price starting from 7 March. 

With the price drop, the new price for a liter of diesel would be MVR 10.21 and MVR 10.11 per liter of petrol.

The last time STO brought a change to fuel prices were on January 2018 where MVR 0.80 was raised on diesel along with MVR 0.54 from petrol due to the elevation of fuel price on the global market.