Fuel Prices Drop in Morocco as Coronavirus Impacts Global Oil Market

Fuel prices are falling, much to the delight of motorists. And for good reason, Covid-19, whose consequences have not spared the oil sector. This drop in prices is due to the slowdown in the Chinese economy.

In December, the barrel was trading at over $70; but today, at less than $50. With demand having fallen, prices have also suffered the same fate, explains the channel 2M in one of its reports.

According to experts, the end of the current situation, due to the damage caused by the Coronavirus, should last. Thus, the drop in fuel prices should also largely continue. A good deal no doubt, for motorists!