Morocco Braces for Another Fuel Price Hike as Costs Continue to Surge

Continued price hike at the pump. According to the theoretical calculations of the experts of the National Federation of Owners, Merchants and Managers of Service Stations in Morocco (FNPCGS), a new increase in fuel prices is expected in the next two days, reports Le360. They have not yet communicated the exact amount of this increase. Meanwhile, the federation has called on its members to take precautions in anticipation of this new increase.

On June 7, fuel prices soared at the pump. The price of a liter of gasoline reached 16.83 DH in Casablanca, that of diesel 14.68 dirhams depending on the distribution companies. These prices have increased in service stations in other cities of the kingdom due to the cost of transport.