MIFCO again lowers diesel rates for fishing vessels

State Trading Organisation (STO)'s subsidiary, Maldives Industrial Fisheries Company (MIFCO), on Thursday again lowered the price of diesel sold to fishing vessels.

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Fishermen reel in their catch. PHOTO/GEMANAFUSHI MASVERIN

Fathmath Shaahunaz

2020-10-01 15:43:06

State Trading Organisation (STO)'s subsidiary, Maldives Industrial Fisheries Company (MIFCO), on Thursday again lowered the price of diesel sold to fishing vessels.

With the new development, the cost of one litre of diesel sold to fishing boats has been reduced from MVR 7.33 to MVR 6.89, marking a decrease of 44 laari (MVR 0.44).

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