STO Reduces Petrol Price Following Global Fuel Market Decline

STO has announced a decrease in petrol prices starting today March 23, 2025.

The company explained that the reduction is a result of the lower fuel prices in the global market.

As a result, the price per litre has been reduced by MVR 0.48, bringing the new cost to MVR 13.50 per litre.

The previous price adjustment was made in May of last year, when the cost was MVR 13.98 per litre.

Currently, global oil prices range between USD 60 and 72 per barrel.