STO hikes diesel, petrol prices

The State Trading Organisation (STO) yesterday hiked the prices of diesel to Rf13.50 per litre and petrol to Rf13.53 per litre, an increase of 89 laari and 86 laari respectively.

Yesterday’s changes marked the third time prices have been increased this month. On March 15, STO hiked the price of a litre of diesel to Rf12.61 and a litre of petrol to Rf12.67.

A press statement from STO explains that the revised prices reflect the change in cost of the new oil shipment.