Gasoline and Diesel: Why Morocco (for now) escapes the disaster scenario

– byLaila · 2 min read
Gasoline and Diesel: Why Morocco (for now) escapes the disaster scenario

Fuel prices experienced a new increase on Monday in Morocco. With an increase of two dirhams for diesel and 1.44 dirhams for gasoline, this revision remains nevertheless lower than the alarming forecasts of economic experts.

This fluctuation is part of a context of strong international energy turbulence, with the price of a barrel of oil having recently crossed the dizzying threshold of $119 before stabilizing around $103 at the end of the week.

On Bladi.net: Black Monday at the pump: Diesel jumps by 2 DH, gasoline approaches 15 DH

Faced with this volatility, economist Driss El Fina believes that the impact could have been much more severe for consumers. "The estimates favored an increase of 3 to 4 dirhams per liter if the international increase had been fully passed on to the local market," he pointed out to Al3omk.

The cushioning of this external shock is explained by the inherent mechanisms of the value chain. Costs related to transportation, refining, taxation and distribution margins favor a gradual transmission of global upheavals to national service stations.

Although it weighs on household budgets, the increase reflects an obvious prudence in the face of socio-economic issues. There is a desire to limit the direct impact on production costs and consumer goods in the run-up to the Eid al-Fitr travels.

On Bladi.net: Morocco: Bad news for motorists

At the international level, the Kingdom is better able to withstand than several major powers hit by record energy inflation. For comparison, the price per liter of diesel is currently soaring to 27.27 dirhams in Germany, 24.49 dirhams in France and 22.41 dirhams in Spain.