
Morocco Braces for Significant Fuel Price Hike in Coming Days
In Morocco, fuel prices at the pump are expected to experience a "significant increase" in the coming days, according to sources in the sector.

In Morocco, fuel prices at the pump are expected to experience a "significant increase" in the coming days, according to sources in the sector.

Despite global fluctuations, fuel distributors in Morocco are inflating their profits. This is annoying El Houssine Yamani, secretary general of the national union of oil and gas industries under the CDT, who is calling for a overhaul of the oil regulatory framework.

Despite the failures of previous initiatives, largely due to the complexity of the geology, Morocco has not abandoned its dream of finding crude oil in its offshore areas. Explorations are underway in the waters off the coast of the kingdom and the Canary Islands.

The information that a significant deposit containing 1 billion barrels of oil, an amount sufficient to cover all of Spain’s oil demand for two years and that of Morocco for nearly 15 years, has been discovered off the coast between the kingdom and the Canary Islands, is false.

Fuel prices, particularly diesel, continue to fall in Morocco. This will lighten the bill for motorists.

Fuel prices are expected to move in the right direction this December. A certain calm is expected to relieve Moroccan drivers.

Two tankers, the chemical tanker Southern Puma and the bulk carrier Louisa Bolten, collided on Friday morning in the waters of the Strait of Gibraltar, off the coast of Morocco.

El Houssine El Yamani, secretary general of the National Petroleum and Gas Union, a member of the Democratic Confederation of Labor, warns of the inflation threatening fuel consumers due to the rise in prices caused by Iran’s strikes on Israel.

Oil prices are collapsing internationally, and this has been the case since March 2023. Will this downward trend have an impact on fuel prices in Morocco?

In Morocco, fuel prices at service stations have continued to rise to the dismay of motorists.

Due to restrictions in Greece, Russia is turning to Morocco. Vladimir Putin’s country has decided to transfer its cargoes of smaller tankers to larger ones via the port of Nador.

While oil prices are rising continuously, the distribution companies in Morocco have not adjusted their prices for two weeks. A decision that will not be without consequences for them and the consumers.