State Trading Organization (STO) has announced that they have increased prices of Petrol and Diesel due to the global rise in price of oil.
STO will now sell a Petrol liter for MVR 8.85 and Diesel liter for MVR 9.79. This is an increase of 14 laari for petrol and 60 laari for diesel.
This is the second time this year that STO has increased the price of both Petrol and Diesel.
STO stated the price of an oil barrel is much steeper than it was last year.