Fuel Price
15 articles
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BusinessADB approves USD 50 million loan for Maldives' oil imports
The ADB approved a $50 million emergency loan to help the Maldives import diesel for essential services like electricity and water. This funding addresses rising fuel costs and foreign exchange shortages caused by regional conflict. It follows a similar $40 million loan from the World Bank to ensure the country's energy security.
BusinessGovt takes USD 80 million in loans for fuel imports and harbors
The Maldivian government secured $80 million in loans from the OPEC Fund and the World Bank to finance harbor development and fuel imports. These funds aim to mitigate energy market volatility and support critical services. While external borrowing remains controlled, rising national debt and high servicing costs present ongoing challenges.
News
Giraavarufalhu reclamation halts due to soaring fuel costs
Business
Fishing in the north slows down due to high oil prices
News
"Changes in oil prices will affect Maldivians"
News
"Govt is robbing the people of MVR 3.5 million a day"
Business
STO increases petrol and diesel prices
News
"Maldives will not face a shortage of basic food, oil and gas"
News
Measures being taken to ensure oil supply
Business
Concerns mount as global oil prices continue to rise
Business
Fuel farm to be relocated to Thilafushi
News
Investor sought for 10 megawatt floating solar panels in Addu
Business
Fuel prices reduced
Business
Oil prices jump as Israel war fuels supply fears
Business