STO bumps up petrol, diesel prices

State Trading Organization (STO) on Monday has once again bumped the petrol and diesel retail prices.

The company's circular on Monday confirmed a 20-Laari increment to the petrol and diesel prices, placing petrol at MVR10.97 per liter and diesel at MVR11.43 per liter.

STO reasoned the price hike was to complement the rising crude oil prices at international markets.