A digest of news and opinion from the Maldives.
STELCO building in the capital Male. MIHAARU PHOTO State Electric Company (STELCO) on Monday announced that it will not resume taking fuel surcharge fees from electricity despite State Trading Organisation (STO) hiking fuel prices. STO on Monday raised the rates of petrol and diesel by 57 laari (MVR 0.57) per litre and 53 laari (MVR […]
A customer pictured at an FSM fuel shed in Male. PHOTO/MIHAARU State Trading Organisation (STO) on Monday raised the prices of petrol and diesel by 57 laari (MVR 0.57) per litre and 53 laari (MVR 0.53) per litre respectively. The company explained that the prices were hiked according to changes in fuel rates in the […]
The original Dhivehi article was published on Mihaaru.com website on 28th September 2017. The following is a loose translation: When the recently released audit report revealed that Fenaka Limited had purchased fuel higher than STO’s selling price – MVR 1.50 per litre, in a way designed to benefit some parliament members, proved how selfish the […]
Middle-East’s favored snacks brand from United Arab Emirates (UAE) Kitco gets launched in Maldives by State Trading Organization (STO). Kitco brand products are exclusively available from STO Supermart. According to the largest enterprise in Maldives, Kitco’s 29 products under four variations will be available on retail from the Supermart while the exclusive wholesale distribution of […]
The state-owned wholesaler has hiked oil prices by 30 laari per litre of petrol and 20 laari per litre of diesel with effect from Wednesday. The changes were prompted by price increases in the global market, the State Trading Organisation said. The prices of crude oil presently stand at US$48.6 per barrel, up from US$46 at […]