For some time now, fuel prices have started to rise again, and it is gasoline that will now experience an increase in these prices.
In the midst of the coronavirus health crisis, the price of gasoline will be revised upwards for the period from May 1 to May 16 in all stations in Morocco.
“Gasoline pump prices will stagnate, while gasoline prices will increase by 8 cents per liter. Prices will vary from station to station and city to city“, Told 2M, the president of the National Federation of managers and owners of service stations (FGNPS) Jamal Zrikem.
Fuel prices at the pump vary depending on several parameters such as the price of a barrel of oil, the euro-dollar exchange rate, the level of stocks of petroleum products and demand, as well as taxes.
From the beginning of November, the successive announcements on vaccines against the Covid-19 pushed investors to buy oil, betting on a recovery in demand to come, which somewhat pulled prices.
Currently, the planet in terms of oil prices, is picking up good colors since the increase is between 40 and 50%, according to specialists.
The other factor of optimism in the market explaining this cause and effect link, the arrival of vaccines. This is because we are already anticipating a rebound in activity with a possible eradication of the virus. We have to believe that the post-crisis period risks being extremely dynamic. The consumer at the gas station is not at the end of his troubles.
The price per liter at the pump, it is quite possible, will increase to exceed the prices before the health crisis. This may be positive for the economy, but it will also, at least in Morocco, handicap the basket of the housewife in addition to other products other than food which will certainly increase with social upheavals, as is the case with Lesieur-Cristal oils.