The State Trading Organisation (STO) has announced a reduction in petrol prices, offering a slight relief to Maldivian motorists as fuel costs continue to fluctuate globally. The price cut, effective from Sunday, was implemented through STO’s fuel subsidiary, Fuel Supplies Maldives (FSM).
According to STO, the new price for petrol now stands at USD 0.88 per litre, down from the previous rate of USD 0.91—reflecting a decrease of USD 0.03 per litre. Diesel prices, however, remain unchanged.
This marks the first petrol price adjustment by STO in 2025. The last revision took place in May 2024. STO typically adjusts retail fuel prices in response to shifts in international fuel markets, where prices are subject to supply-demand dynamics, geopolitical factors, and production trends.
While the current revision offers some financial relief for petrol users, particularly in the capital and high-traffic areas, the unchanged diesel rates mean operational costs for commercial transport and industrial sectors are likely to remain steady for now.
As the country’s primary fuel importer, STO continues to play a central role in ensuring fuel supply stability in the Maldives. The latest adjustment underscores the organisation’s responsiveness to global trends while balancing domestic affordability.
