MDP raises concern over govt response to oil price rise
The party said the government has not taken sufficient measures to address the impact of rising oil prices.
The opposition Maldivian Democratic Party (MDP) on Tuesday expressed concern over the government’s response to economic challenges linked to rising oil prices following the conflict in the Middle East.
The conflict has pushed global oil prices above $100 per barrel, leading to increases in fuel costs in the Maldives.
In a statement, the MDP said the situation has had an impact on countries in the Middle East, the global economy and the Maldives’ economy and tourism sector.
The party said the government has not taken sufficient measures to address the impact of rising oil prices.
According to the MDP, instead of focusing on economic measures, President Mohamed Muizzu has prioritised efforts related to the consolidation of powers and the proposal to hold presidential and parliamentary elections on the same day.
The MDP also referred to recent government statements indicating that fuel prices would not rise, stating that prices have since increased.
The party said the government’s request to India for oil supply reflects the current situation. It also expressed appreciation for India’s assistance.
The MDP said other countries in the region have taken steps to address the impact of rising oil prices.
It added that the lack of engagement and information from the government in this situation is a concern.
The party said the public expects the government to take measures to manage the economic impact rather than focus on other priorities.
