Moroccan Fuel Prices Surge Following Saudi Oil Attacks

Diesel has seen its price increase by 30 cents and is currently around 10 dirhams per liter. Unleaded premium has increased by 20 cents and is now at 11.4 dirhams.

This development is justified by the series of drone attacks against two Saudi Aramco oil facilities on September 14. These attacks destroyed a large part of Saudi Arabia’s oil production, which accounts for 5% of world production. The loss of these main production sites in Saudi Arabia has caused a significant increase in global oil prices of nearly 20%.

Although the Houthi rebels in Yemen claimed responsibility for the attacks on the Abqaiq and Khurais facilities in eastern Saudi Arabia, the US authorities have attributed responsibility to Iran.

US President Donald Trump immediately reacted by sending additional US troops and military equipment to Saudi Arabia and the United Arab Emirates following the attacks. Trump did not fail to specify that he had no intention of authorizing military action against Iran.

As for the Saudi Crown Prince Mohammed bin Salman, he also stated his preference for a political solution. He noted that a military escalation against Iran would harm the global economy, as the region plays a key role in energy, trade and economic growth. Fuel prices in Morocco have regularly increased in recent months and are among the highest in the Middle East and North Africa.