State Trading Organization has once again hiked the prices of petrol and diesel supplied to its customers.
With the latest bump in prices of oil, petrol liters have an addition of 80 Laaris to its current price while diesel liter had an incurring of 54 Laaris additional.
The revised new prices for both petrol and diesel, due to the new hike had come to a stop at MVR 10.40 per liter. STO had explained their price change move attaching it to increasing oil prices at international markets.
Last noted increase to petrol and diesel liters by STO came during December when a petrol liter was added with 35 Laaris additional to its existing price and 44 Laaris incurred to diesel liter price.
Crude oil prices in world market had reached to USD 70 per barrel, which could be associated to STO's decision to bump prices.
