Morocco: fuel prices soar (and it’s not an April Fool’s joke)

– byJérôme · 2 min read
Morocco: fuel prices soar (and it's not an April Fool's joke)

The mood is not one for jokes this Wednesday, April 1st, for Moroccan drivers. Since midnight, the displays at service stations have shifted to a new pricing reality, confirming an upward trend that seems to be taking hold firmly at the top of the national pumps.

This revision, which took effect at 12:01 am, has increased the price of diesel by 1.70 dirhams, while unleaded Super gasoline has gone up by 1.57 dirhams. Concretely, diesel, which was trading around 12.80 dirhams after the shock of mid-March, is now approaching 14.50 dirhams. As for gasoline, it has crossed the symbolic threshold of 15.50 dirhams per liter. Although these levels remain indicative and subject to the commercial policies of the various distribution networks, the fever is general.

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

The Strait of Hormuz and geopolitical shocks in the Middle East are now dictating the pace of the Kingdom’s energy bills. In a system of prices indexed to international prices of refined products, the instability of strategic supply routes is mechanically reflected in an immediate impact at the local level. This extreme volatility in global markets leaves little respite for national structures, whose dependence on imports remains total.

On Bladi.net: Hard blow for Moroccans: diesel and gasoline prices soar again

For households, already strained by previous increases, this new deduction from purchasing power raises fears of a domino effect on the entire logistics chain. The transport of goods and food distribution could quickly incorporate these additional costs, fueling an inflationary spiral that the authorities are trying to closely monitor. For the time being, the final consumer, whose resilience is once again put to the test, remains the adjustment variable.