Fuel Supplies Maldives, incorporated on 18th December 2000 is now a joint venture between State Trading Organisation (STO) and the Maldives National Oil Company (MNOC) formed with the main objective of streamlining fuel distribution in the country and to offer easy and convenient access to fuel throughout the country. Until the formation of FSM fuel distribution was managed by STO, which is also the principal importer of fuel in the Maldives. At its founding the purpose of FSM was to create a company that would specialise in the distribution of fuel in the Maldives.  

Since its inception FSM has built a strong distribution infrastructure to cater to the needs of the country and has been able to establish a network for distribution of fuel, which has helped to create easy access to all.  With the introduction of new technologies FSM has revolutionised the way fuel is delivered and handled in the country, and has set standards for the rest that of the industry to follow.

FSM is continuously looking at ways to improve the efficiency of its delivery systems through the introduction of the latest technologies and best practices and has worked vigorously to improve the capacity of the company’s staff to meet the challenges faced and the ever growing expectations of our customers.

At FSM we recognise the importance of team work and how our efficiency will impact economic activity and national development. Due to the nature of our product we recognise the importance of maintaining high standards of safety and best practices to minimise the negative impact to the environment from our activities.

The Shareholders

STO is a public company in which the Government of Maldives holds 92.29% and is the principal importer of fuel. STO is the major trading company of the government and is the oldest state owned enterprise. MNOC is incorporated by the government and complements its efforts to diversify the national economy by generating employment and foreign income through oil and gas exploration and production in the local and foreign territory.