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The Beginning
Fuel Supplies Maldives (FSM), incorporated on 18 December 2000, is a wholly owned subsidiary of State Trading Organization PLC (STO). FSM was established with the primary objective of streamlining fuel distribution in the Maldives and providing convenient, reliable access to fuel across the nation. Prior to FSM’s formation, fuel distribution was managed directly by STO, the principal fuel importer to the Maldives. FSM was created to specialize exclusively in nationwide fuel distribution.
Since its inception, FSM has developed a strong and extensive distribution infrastructure to meet the growing needs of the nation. Through a well established national network, FSM has ensured improved accessibility to fuel for communities and industries throughout the archipelago.
By adopting modern technologies and innovative operational practices, FSM has transformed the way fuel is delivered and managed in the Maldives, setting new benchmarks within the industry. The company continues to enhance its delivery systems through advanced technologies and best practices, while investing in the continuous development of its workforce to meet evolving challenges and rising customer expectations.
Shareholders

State Trading Organization PLC
100%STO is a public company in which the Government of Maldives holds majority of the share. STO is the principal importer of fuel to Maldives and also the largest trading company of the government. STO is the oldest state owned enterprise.
Our Philosophy
We set standards for ourselves and set benchmarks for the rest of the industry. We ensure quality and reliability of our products and meet industry standards through which we offer assurance and confidence to our customers. We do not compromise on quality, performance and reliability.
We value our customers and build brand loyalty by providing fast, efficient services in a friendly environment. We impress our customers with our passion for excellence. Through the combined use of technology and dynamic work ethics we meet customer requirements and promote the interest of our stakeholders.
We minimise our impact on the environment by operating efficiently and incorporating international best practices that would minimise and mitigate environmental hazards. We follow high safety standards to ensure the safety of our personnel and to minimise risk for our customers and the community.
We are transparent in all our business transactions and comply with the laws and regulations that relate to all aspects of our work. We support open and honest communications and focus on building partnerships, both internally and externally.
We work as a team and promote a culture of learning among ourselves. We believe that our human capital is our most valuable asset. We help enhance intellectual potential and provide opportunities for employees to develop competencies and skills.
Our Vision
Be the market leader in the distribution of fuel and related services and be a contributor to national development, ensuring the highest international safety standards and the quality of services in the industry.
Our Mission
- To offer easy and convenient access to fuel for all.
- To deliver the highest quality fuel products and related services at competitive prices.
- To maximize customer satisfaction, safeguard the interests of the community and protect the interests of all our stakeholders.