Opposition Pres candidate vows duty free on oil

Maldivian Democratic Party (MDP) backed presidential candidate Ibrahim Mohamed Solih on Thursday has made a fresh pledged to exempt the import duty of 10% on petrol and diesel.

While addressing the public of Kaafu atoll Guraidhoo, Solih bemoaned struggles faced by small and medium ventures or businesses operating in Maldives. Primarily the issue of expensive electricity bills charged on companies.

Solih vowed to redeem the out-of-reach electricity expenses companies must bare in Maldives by introducing renewable or alternative energy sources (such as wind-powered or solar-powered energy production).

The opposition candidate also stressed that the fluctuating crude oil prices in world market does not correlate accordingly against the electricity prices in Maldives (oil is mainly used to power generators that produce electricity via conventional methods).

Solih claimed the previous MDP administration, led by Mohamed Nasheed as president, aimed at exempting import duty on oil and criticized incumbent government, led by president Abdulla Yameen, for continuing on their 10% import duty charges.