Economic Minister: Maldives getting new fuel shipments; will have fuel and food staples available without disruption

Economic Minister Mohamed Saeed says the Maldives received two new shipments of fuel last week, despite the global supply disruption and rising prices amid the US-Israeli war on Iran.

The remarks come after the State Trading Organization (STO) confirmed the arrival of a new shipment of fuel on Saturday.

In a post on X on early Sunday, Saeed acknowledged the rising global fuel prices and disruption to supply due to the ongoing war in the Middle East.

But he said that the government has been taking speedy decisions to mitigate the impact of the war on the Maldives, and that the STO has been maintaining its fuel stock.

He said that STO brings in fuel based on the demand in the Maldives, and through a pre-agreed nomination arrangement with suppliers.

Saeed said that STO brought in two new shipments of fuel last week, with another shipment “scheduled to arrive in the Maldives in accordance with the nominations and dates agreed with by suppliers.”

މެދުއިރުމަތީގައި އުފެދިފައިވާ ހަނގުރާމައިގެ ސަބަބުން ދުނިޔޭގެ ބާޒާރުގައި ތެލުގެ އަގުތައް އުފުލެމުން ދިޔުމުގެ އިތުރަށް، ތެޔޮސަޕްލައި ކުރުމަށްވެސް ގިނަ ގޮންޖެހުންތަކެއް ކުރިމަތިވެފައިވާ މި ޙާލަތުގެ އަސަރު ދިވެހި ޤައުމާއި ރައްޔިތުންނަށް ކުރާވަރު ވީހައިވެސް ކުޑަކުރެއްވުމަށްޓަކައި ރޖ…

— Mohamed Saeed (@em_saeed) March 21, 2026

He provided assurance that the Maldivian people will have the fuel, gas and food staples they need available without disruption.

While the opposition and economic experts urge the Maldivian government to take measures cut costs and conserve fuel, the government continues to provide assurance that cost of the rising global fuel prices will be absorbed by the STO by cutting into its projected profits.   

The Maldives has been a rise in the price of petrol and diesel since the war began, resulting in private transport services raising their fares.