Fuel prices in Morocco recorded a new unprecedented increase in several stations in different cities of the kingdom when the government promised aid. Thursday in Casablanca in particular, the liter of gasoline reached 14 dirhams and nearly 12 dirhams for diesel.
While world hydrocarbon markets are gradually returning to their pre-war levels between Russia and Ukraine, in Morocco, fuel prices have once again recorded an increase reaching 14 dirhams, a record.
Gasoline prices are where prices are highest, and these prices were noticed at stations such as Shell and Ola Energy, and Winxo, while Total maintained its prices from the beginning of the month where they had already recorded an increase of 11.20 dirhams per litre.
The same goes for diesel, once again Shell and Ola stations show the highest prices, set at nearly 12 dirhams, with 11.91 dirhams for the first and 11.85 dirhams for the second.
In addition, Afriquia has seen its diesel price drop from 11.20 MAD to 11.06 MAD in the last 15 days, similar to Winxo which offers it at 11.06 MAD.
These increases are explained by the great volatility of the fossil energy market in the world, in particular significant decreases and increases in recent months.
On Thursday, the barrel of Brent from the North Sea (in Europe) jumped 4.90% reaching 102.82 dollars a barrel, while that of American WTI gained 4.83%, reaching 99.63 dollars. WTI had fallen below the $100 mark.
On March 7, the price of a barrel of Brent from the North Sea, one of the two benchmark varieties on the market, came close to 140 dollars, a record close to its highest level ever recorded, favored by the global context caused by the conflict in Eastern Europe.
Nevertheless, oil prices continue to decline slightly to return to their pre-crisis level between Russia and Ukraine. Morocco, for its part, is bearing the full brunt of this energy price volatility given its energy dependence.
After expressing their dissatisfaction with the rise in fuel prices, and observing strikes, transport professionals obtained guarantees from the Akhannouch government to avoid a greater crisis.
The executive intervened to support professionals in the sector “in order to preserve the purchasing power of citizens”, announced the Minister of Transport, Mohamed Abdeljalil, after a meeting with transport professionals.
The terms and amount of aid granted to carriers (of goods, passengers, taxis, etc.) should be known in less than two weeks.