Black Monday at the pump: Diesel jumps by 2 DH, gasoline approaches 15 DH
Pump prices are soaring as of this Monday, March 16 in Morocco. Diesel jumps by 2 dirhams and gasoline by 1.44 dirhams, a surge directly linked to disruptions in the global oil market and tensions in the Middle East.
With this new pricing, the liter of diesel crosses the 12 dirham mark, going from around 10.20 to nearly 12.20 dirhams. As for Super Unleaded, it is rising from 13.30 to nearly 14.74 dirhams, indicative levels that may vary slightly depending on the distribution networks.
This brutal increase puts a definitive end to the downward trend observed at the end of the year, when diesel had fallen back below the symbolic threshold of 10 dirhams. It closely follows an initial 25-cent increase applied to both hydrocarbons as of March 1.
This turnaround is part of a climate of persistent volatility in energy markets. Prices are reacting strongly to the ongoing conflict and threats hanging over the Strait of Hormuz, a maritime passage that is essential for the international trade in hydrocarbons.
As the national system is strictly indexed to international prices of refined products, this immediate impact revives concerns. The sudden increase in transportation and logistics costs threatens to impact household purchasing power and be reflected in the prices of many goods and services.
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