Fuels: towards a liter of diesel at 18 dirhams in Morocco?
Faced with the surge in global oil prices, Morocco is preparing to suffer a historic rise in pump prices. Experts are sounding the alarm on the fragility of stocks and the lack of local refining.
The threat of an unsustainable rise hangs over Moroccan motorists. According to Houcine El Yamani, Secretary General of the National Petroleum and Gas Union (CDT), the current reserves of 617,000 tons are insufficient to face the risks of shortages. "This figure includes pending delivery shipments, while the legal stock must cover at least 60 days," he explains in Finances News Hebdo.
On Bladi.net: Diesel soon at 18 dirhams per liter in Morocco?
The absence of an operational national refinery exacerbates this vulnerability. Since the shutdown of Samir, the country has been fully exposed to international fluctuations by importing already processed products. This dependence is costly for the final consumer: "Morocco loses 3 dirhams per liter due to the cost of refining abroad," laments the union leader.
The price-setting system is also being criticized. Unlike abroad where indexation is daily, prices in Morocco are revised every two weeks, a delay that would mainly benefit distributors. "When prices rise, they immediately anticipate the increase," notes the unionist, highlighting a glaring discrepancy with the reality of the global market.
On Bladi.net: Morocco: another increase in fuel prices
The future looks bleak with a liter of diesel that could reach 18 dirhams. Faced with this situation, avenues such as a reduction in taxation, already applied in Spain, are being considered but rejected by the Ministry of Finance. "Will the Moroccan consumer be able to bear it?" wonders Houcine El Yamani, as geopolitical tensions threaten supplies.
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