Morocco fuel prices drop July cheaper gas diesel

The situation is easing on the geopolitical front, leading to a drastic fall in crude oil prices. The Brent barrel has plummeted by more than 11.6 dollars over the past month, stabilizing between 67 and 68 dollars. It is thus returning to almost its pre-war level, which stood in the mid-sixty dollars range. This deceleration is explained by the announcement of a preliminary ceasefire agreement between the United States and Iran. This truce alleviates fears of a blockade of navigation in the Strait of Hormuz, a strategic global corridor. Last June, the outbreak of hostilities in the Middle East had triggered market panic, pushing prices beyond the 15 dirhams per liter mark.

On Bladi.net : Moroccan fuel prices drop 60 cents petrol diesel savings

As a direct consequence of this international easing, Morocco’s fuel distribution market continues its downward momentum begun in recent weeks. Informed sources in the sector anticipate a decline of around 45 cents per liter of diesel, while premium gasoline should drop by nearly 50 cents. Motorists will notice slight differences on the price boards of service stations, as each oil network applies its own pricing strategies.