Fuel Prices Maldives

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Part of: GIZ International Fuel Price database
Also see: Maldives Energy Situation

Fuel Pricing Policies

Local Currency: MVR
Exchange Rate: 12.62


Last Update: 2011/05/01

The State Trading Organization (STO, http://www.stomaldives.com/) calculates and sets fuel prices for the Maldives. Prices are homogenous across the country. Prices are changed approximately once a month or more often in times of volatile import prices.

STO publishes any price change through press statements, that are downloadable on their website. Information on the fuel price calculation formula and on taxation/subsidies are missing.

The prices hikes in early 2011 (among other factors?) are linked to the exchange rate to the US$. The value of the Rufiyaa fell ~20% in 5 months.

Fuel Prices and Trends

Gasoline 95 Octane Diesel
in USD*

in Local Currency

* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil

Fuel Price Composition

Price composition.

No information found. Hints welcome!

At a Glance

Transparency of
Price Composition
Transparency of Pricing
Mechanism / Monitoring
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IFPDB trafficlight red.png IFPDB trafficlight explanation.png IFPDB trafficlight yellow.png

Sources to the Public

Type of Information Web-Link / Source
Other Information http://www.stomaldives.com/
Pump prices and margins http://www.stomaldives.com/media_centre/news/


Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices

This is a living document. If you have any comments or suggestions, please feel free to contact us: Armin.Wagner@giz.de