The value of fuel imported into the Maldives increased by 80.3 per cent during the first five months of this year compared with the same period last year.

The Maldives Monetary Authority (MMA)'s latest financial statistics revealed that fuel imports were valued at USD 498 million between January and May, up from USD 276.1 million during the corresponding period in 2025.

The total value of goods imported during the five months stood at USD 1.8 billion, equivalent to MVR 28.1 billion at the official exchange rate. During the same period last year, imports were valued at USD 1.4 billion, reflecting a 24.7 per cent increase. 

Petrol imports more than doubled, increasing from USD 36.2 million during the first five months of 2025 to USD 82.2 million over the same period this year, a 127 per cent increase. Diesel imports also rose significantly, from USD 208.5 million to USD 376.8 million, representing an 80 per cent increase, while jet fuel imports reached USD 24.4 million, up from USD 19.2 million a year earlier, marking a 27 per cent increase.

The figures indicate a significant increase in the value of petroleum products imported into the Maldives. The country has also been affected by disruptions in the global energy market caused by the ongoing conflict in the Middle East over the past three months.

However, the Government has introduced several measures to shield the public from the impact of rising fuel prices. As a result, the Maldives has avoided the higher electricity and transport costs experienced in many other countries.