Fisheries Ministry Integrates Fuel Subsidy System Into Fahi Hakatha Portal

The Ministry of Fisheries, Agriculture and Ocean Resources has revised its fuel subsidy system, requiring all licensed fishing vessels to use the 'Fahi Hakatha' portal to apply for and receive financial support. The move aims to streamline the distribution of subsidies as the Maldives grapples with rising global fuel costs driven by instability in the Middle East. Under the direction of President Dr Mohamed Muizzu, the government has prioritized the stability of the fishing industry to ensure operations continue without disruption. While a specific fuel subsidy was introduced in March 2026 for marine fishing vessels, it previously operated independently of the Fahi Hakatha system. The ministry has now consolidated these processes, requiring all active vessels to register on the portal by September 15, 2026. This revised system complements a long-standing 2019 initiative that provides duty-reduced diesel. To increase accessibility, the government has expanded the availability of special-rate fuel from four regions to 15 areas across the archipelago. Fuel allocations are tiered based on vessel size through the Maldives Industrial Fisheries Company (MIFCO). Vessels longer than 85 feet are eligible for 5,000 litres, those between 50 and 85 feet receive 3,000 litres, and vessels shorter than 50 feet are allocated 1,500 litres. In a significant move to address fisherman's liquidity challenges, MIFCO has partnered with Fuel Supplies Maldives (FSM) to offer fuel on credit. Under this new arrangement, fishermen can obtain fuel and have the costs deducted from the payments they receive for their catch. This deduction occurs within 48 hours of supplying fish to MIFCO, providing a critical financial safety net for operators. This credit facility was a primary request from the fishing community, a point emphasized during consultations with MIFCO Chief Executive Officer Mohamed Anas. By integrating the subsidy application process and providing credit options, the government seeks to shield the local fishing fleet from the volatility of international energy markets.