Jet fuel sales in the Maldives saw a notable increase in the third quarter of this year, with revenue rising by 14% to US$5.3 million, according to the latest report from the Maldives Monetary Authority (MMA). This growth has been largely attributed to a rise in flight movements, including both scheduled and charter flights, along with private jet arrivals.
The MMA’s Quarterly Economic Bulletin reported that this uptick in airline activity has had a direct positive impact on jet fuel sales, supporting the overall growth of the sector. The Maldives’ aviation industry is expected to continue expanding as the number of international flights increases.
To accommodate the growing demand for jet fuel, investments have been made in the country’s aviation infrastructure. Last month, a newly developed fuel farm and hydrant system at Velana International Airport (VIA) were inaugurated. The new facility, which can store up to 45 million litres of jet fuel, significantly boosts the Maldives’ capacity to support the aviation sector. The expanded infrastructure also includes storage for 1 million litres of diesel and 100,000 litres of petrol.
Tourism figures also reflect the growth in air traffic, with over 1.8 million tourists arriving by air by November this year.
