
Morocco's Fuel Prices Drop Slightly, Lagging Behind Global Oil Market Decline
In Morocco, the decrease in fuel prices is modest despite the clear easing of oil prices on the international market.

In Morocco, the decrease in fuel prices is modest despite the clear easing of oil prices on the international market.

Twenty small cents less at the pump. This is the decrease applied to diesel and gasoline in Morocco this Thursday, May 1st. A reduction deemed very insufficient by many observers.

Faced with the continuous rise in fuel prices, the Secretary General of the National Oil and Gas Union, Houcine El Yamani, denounces the "excessive" margins of the sector’s dominant players.

While oil prices have seen a sharp decline since April 3, Moroccan motorists will only see a slight decrease at the pump.

Despite the drop in oil prices and the dollar since the beginning of the year, fuel prices at the pump remain high in Morocco. An inexplicable increase denounced by the Moroccan Federation of Consumer Rights.

In Morocco, the prices displayed at the pump for diesel and gasoline at the beginning of April are significantly higher than those that would result from the application of the calculation method in force before the 2015 liberalization.

In Morocco, fuel prices should see a new drop for the delight of Moroccan motorists.

In Morocco, the controversy over fuel prices is escalating. Industry professionals believe that these prices remain abnormally high, despite the significant drop in international prices.

In Morocco, fuel prices could see a new drop as early as this Saturday. Thus, the price of a liter of diesel should drop by 44 cents and that of gasoline by 50 cents.

Fuel prices continue to rise in Morocco. In February, the liter of diesel was sold at 11.50 dirhams and that of gasoline at 13.50 dirhams in the service stations of Casablanca and Mohammedia. A situation that contrasts with the stabilization of the price of a ton of diesel at $715 and the drop in the price of a ton of gasoline from $718 to $706 on international markets.

Professionals in the fuel distribution sector through service stations currently exclude a possible increase in gasoline and diesel prices this Ramadan month.

Faced with the continuous rise in pump prices, the National Petroleum and Gas Union, affiliated with the Democratic Confederation of Labor (CDT), calls on the authorities to take their responsibilities and return to price regulation.