The State Trading Organisation (STO), the main supplier of petroleum and gas in the Maldives, has increased the price of a diesel litre by 55 laari to Rf8.20.
Shahid Ali, CEO of STO, told Miadhu that the increase was made in response to the rising price of oil in the world market.
He added STO tries to maintain a low retail price but there has been an increase of US$4 per barrel over the past two days.
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