Despite the rise in global oil prices due to the ongoing conflicts in the Middle East, the Minister of Economic Development and Trade, Mohamed Saeed, has assured that the Maldives will maintain an uninterrupted supply of fuel, gas, and essential food commodities. Through strategic government planning, the State Trading Organization (STO) is ensuring that fuel stocks remain consistent and do not face depletion. In this regard, fuel shipments are being regularly imported to the Maldives under established nomination agreements. Furthermore, to mitigate the burden on citizens caused by fluctuations in the global market, the government has decided to stabilize prices by providing subsidies through STO’s profit margins.
