
Fuel Prices Surge in Morocco as Global Demand Rises
After a drop in May, fuel prices are experiencing a sharp increase. The increase is an average of 70 cents and this is just the beginning.

After a drop in May, fuel prices are experiencing a sharp increase. The increase is an average of 70 cents and this is just the beginning.

In Kénitra , service stations have been deserted due to the prevention and restriction measures imposed to counter the spread of covid-19 in the kingdom. This situation has led to a drastic drop in turnover and the dismissal of part of the staff.

The drop in fuel prices continues in Morocco. Since the start of the coronavirus epidemic, pump prices have shown an average drop of 2 dirhams at Moroccan service stations.

The fuel distribution sector has been in the doldrums since the lockdown was ordered to limit the spread of the coronavirus. Customers are scarce and the cash registers are desperately empty.

Fuel prices at the pump will see a significant drop starting this Monday, March 16, due to the crisis caused by the coronavirus epidemic, and especially due to the sharp drop in crude oil prices on international markets.

The National Federation of Owners, Merchants and Managers of Service Stations in Morocco denounces a pernicious practice by hydrocarbon distributors. This denunciation comes a few weeks before the publication of the annual report of the Competition Council on the state of competition, particularly in the liquid hydrocarbons sector.

The consequences of Covid-19 are not all disastrous. At least, as far as the oil sector is concerned, where prices have fallen. For the past few days, unleaded gasoline and diesel have become cheaper at the pump.

Good news for Moroccan drivers and transporters. According to Jamal Zrikem, president of the national federation of owners and managers of service stations, fuel prices recorded a significant drop on Sunday in various regions of Morocco.

Some small changes have occurred this Thursday, at the service stations, concerning the price of fuels at the pump.

Faced with rumors of a likely increase in fuel prices, the president of the National Federation of Free Owners, Merchants and Managers of Service Stations in Morocco (FNPCGSS), Jamal Zrikem, provided a formal denial.

Since January 1st, fuel prices have risen slightly. Gasoline at the pump has increased by 17 cents, and diesel by 15 cents.

After having experienced periods of increase for several months, the price of gasoline and diesel in Morocco seems to be stagnating and we have even seen decreases since last Tuesday.