Despite the rise in global oil prices, MIFCO has decided to maintain its current fuel rates for fishermen. This decision was made under the government’s “Fahi Hakatha” program to ensure that fuel is provided to the fishing community at subsidized rates. Consequently, vessels that weigh their catch at MIFCO can purchase diesel at MVR 16.54 per liter, while those weighing more than three tons of fish will be eligible for a further reduced rate of MVR 16.04 per liter. However, the diesel price for the general public will remain at MVR 17.54 per liter. This initiative is a strategic measure taken by the government to alleviate the financial challenges faced by fishermen during this period.
