President Dr. Mohamed Muizzu has inaugurated a project to establish fuel storage facilities in all atolls of the Maldives. The project was launched at a special ceremony held at the President's Office.
Ensuring that the provision of fuel at base rate is an essential service and establishing fuel storage facilities on each atoll is a presidential pledge of President Dr. Mohamed Muizzu. This initiative aims to make fuel (petrol and diesel) more accessible for fishermen and the public.
Speaking at the ceremony, Managing Director of State Trading Organisation (STO)Shimad Ibrahim affirmed that the project will ensure the provision of fuel at lower rates. He noted that a fuel setup was established in Hulhumale' this year under these efforts, with STO aiming to complete the project by February 2026. Shimad stated that additional facilities will be established on other islands depending on the development of the fisheries' industry.
During the ceremony, Minister of Fisheries and Ocean Resources Ahmed Shiyam underscored the vital role this initiative will play in providing significant conveniences and benefits to fishermen. The minister emphasised that President Dr. Muizzu was focused on long-term solutions to eliminate the longstanding reliance on temporary measures in the sector. He also confirmed that the administration aims to address the core issues facing the sector within its first three years.