By Jet fuel sales in the Maldives experienced a significant boost in the third quarter of this year, according to the latest Quarterly Economic Bulletin published by the Monetary Authority of Maldives (MMA).
The Maldives Airports Company Limited (MACL), responsible for jet fuel sales to airlines and ships, recorded a 14% increase in revenue compared to the previous quarter. During this period, jet fuel sales generated $5.3 million, reflecting the growing demand for aviation fuel in the country.
MMA attributed the increase in revenue to the rising number of airlines operating flights to the Maldives. The number of scheduled and charter flights continues to grow, with private jets also contributing to the surge. The Maldives’ appeal as a global tourist destination remains a key driver for the increased air traffic.
Further strengthening the aviation sector, the Maldives inaugurated a new fuel farm and fuel hydrant system at Velana International Airport (VIA) last month. The event was officiated by President Mohamed Muizzu.
The newly developed facility significantly expands the fuel storage capacity at VIA, boasting the ability to store up to 45 million liters of jet fuel—compared to the 13 million liters of the former fuel farm. Additionally, the facility can store 1 million liters of diesel and 100,000 liters of petrol, enhancing the airport’s fuel supply infrastructure.
The expansion aligns with the Maldives’ strategic efforts to support its thriving aviation sector and accommodate the increasing number of airlines serving the nation.