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The high prices of fuel continue to anger Moroccans, despite the slight decline that occurred at the beginning of September, the second in a row, as diesel prices fell by 30 cents per liter, and gasoline prices by 46 cents per liter.
According to Al-Hussein Al-Yamani, head of the National Front for the Rescue of the Moroccan Petroleum Refinery, and Secretary-General of the National Union of Petroleum and Gas, “the price of a liter of diesel should not exceed 10.23 dirhams, and a liter of gasoline 11.58 dirhams, during the first half of the current month of September.”
Al-Yamani revealed that “there is a large gap between the real prices of fuel and the prices that the Moroccan consumer actually pays,” noting that “calculations indicate that the price of a liter of gasoline and diesel should not exceed 11.58 dirhams and 10.23 dirhams, respectively, but the real prices at the stations are much higher than this.”
The same speaker noted that based on “fuel prices without liberalization based on the average price of a ton of diesel approaching $720, the price of a ton of gasoline approaching $750, and the price of a barrel of oil approaching $78, during the second half of August 2024, canceling the decision to liberalize prices and returning to the method of calculating the public sale prices of fuels, which was in effect before the end of 2015, will lead to setting and capping the prices of a liter of diesel at 10.23 dirhams and a liter of gasoline at 11.58 dirhams, during the first half of this September.”
The union activist added that “a quick tour of the distribution stations shows that the price of diesel is no less than 12 dirhams (an increase of 1.70 dirhams) and the price of gasoline is 14 dirhams or more (an increase of about 3 dirhams),” considering that “this large increase in prices is due to the large profit margin achieved by fuel distribution companies.”
Accordingly, the head of the National Front for the Rescue of the Moroccan Petroleum Refinery renewed his demand to “cancel the decision to liberalize fuel prices, and return them to the list of materials whose prices are determined according to an accounting rule that protects the interests and rights of all concerned parties and is consistent with the low income of all Moroccans.”
In addition, Al-Yamani called for “reducing or completely canceling the fuel tax and unifying it into a single tax that does not increase with the rise in fuel prices, in addition to reviving oil refining at Samir.”
It is noteworthy that the Competition Council recorded in its latest official report on the subject of fuels that “the first quarter of 2024 recorded an increase in total diesel and gasoline imports by 9.1 percent in volume, reaching about 1.47 million tons, and by 0.9 percent in value, achieving 12.89 billion dirhams on an annual basis.”
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2024-09-06 20:50:25
Table of Contents
Fuel Prices in Morocco: A Growing Concern for Citizens
The high prices of fuel continue to be a major concern for Moroccans, despite the slight decline that occurred at the beginning of September, marking the second consecutive decrease. Diesel prices fell by 30 cents per liter, while gasoline prices decreased by 46 cents per liter. However, the prices of fuel in Morocco remain high, and citizens are demanding change.
According to Al-Hussein Al-Yamani, head of the National Front for the Rescue of the Moroccan Petroleum Refinery and Secretary-General of the National Union of Petroleum and Gas, the prices of fuel should be much lower than what Moroccan consumers are currently paying. Al-Yamani believes that the price of a liter of diesel should not exceed 10.23 dirhams, and a liter of gasoline should not exceed 11.58 dirhams, during the first half of September. However, a quick tour of the distribution stations reveals that the price of diesel is no less than 12 dirhams (an increase of 1.70 dirhams) and the price of gasoline is 14 dirhams or more (an increase of about 3 dirhams) [[1]].
The price of fuel in Morocco has been a subject of concern for many citizens, and the country has been ranked as having the fourth highest fuel prices in Africa [[2]]. This has led to calls for the government to intervene and reduce the prices of fuel to make it more affordable for citizens.
Al-Yamani has been vocal in his criticism of the current fuel pricing system, stating that there is a large gap between the real prices of fuel and the prices that Moroccan consumers actually pay. He believes that calculations indicate that the price of a liter of gasoline and diesel should not exceed 11.58 dirhams and 10.23 dirhams, respectively, but the real prices at the stations are much higher than this [[1]].
The union activist has also called for the cancellation of the decision to liberalize fuel prices and a return to the method of calculating public sale prices of fuels, which was in effect before the end of 2015. This, he believes, will lead to setting and capping the prices of a liter of diesel at 10.23 dirhams and a liter of gasoline at 11.58 dirhams, during the first half of September [[1]].
In addition, Al-Yamani has called for reducing or completely eliminating the profit margin achieved by fuel distribution companies, which he believes is the main reason for the high prices of fuel in Morocco.
The Moroccan government has taken some steps to reduce the prices of fuel, with a second fuel price reduction in May, which saw gasoline prices drop to approximately MAD 14.60 per liter, while diesel prices fell to MAD 12.40 per liter [[3]]. However, more needs to be done to address the concerns of citizens and make fuel more affordable for them.
the high prices of fuel in Morocco remain a major concern for citizens, and the government needs to take further action to reduce the prices of fuel and make it more affordable for citizens. The cancellation of the decision to liberalize fuel prices and a return to the method of calculating public sale prices of fuels, which was in effect before the end of 2015, could be a step in the right direction.
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Fuel Prices in Morocco: A Growing Concern for Citizens
The high prices of fuel continue to anger Moroccans, despite a slight decline in September, which marked the second consecutive decrease. Diesel prices fell by 30 cents per liter, while gasoline prices dropped by 46 cents per liter. However, the prices of fuel remain a significant burden for many Moroccan citizens.
According to Al-Hussein Al-Yamani, head of the National Front for the Rescue of the Moroccan Petroleum Refinery and Secretary-General of the National Union of Petroleum and Gas, “the price of a liter of diesel should not exceed 10.23 dirhams, and a liter of gasoline 11.58 dirhams, during the first half of the current month of September.” [[1]]
Al-Yamani revealed that there is a significant gap between the real prices of fuel and the prices that the Moroccan consumer actually pays. Calculations indicate that the price of a liter of gasoline and diesel should not exceed 11.58 dirhams and 10.23 dirhams, respectively, but the real prices at the stations are much higher than this. [[1]]
Moreover, a quick tour of the distribution stations shows that the price of diesel is no less than 12 dirhams (an increase of 1.70 dirhams) and the price of gasoline is 14 dirhams or more (an increase of about 3 dirhams). This large increase in prices is due to the large profit margin achieved by fuel distribution companies. [[1]]
It is worth noting that Morocco has some of the highest fuel prices in Africa. According to recent reports, Morocco ranks among the top 5 African countries with the highest gasoline prices, with an average price per liter of gasoline standing at MAD 15.46, equivalent to roughly $1.54. [[2]][[3]]
The Competition Council recorded in its latest official report on the subject of fuels that the first quarter of 2024 saw an increase in total diesel and gasoline imports by 9.1 percent in volume, reaching about 1.47 million tons, and by 0.9 percent in value, achieving 12.89 billion dirhams on an annual basis. [[1]]
In light of this, Al-Yamani renewed his demand to cancel the decision to liberalize fuel prices and return them to the list of materials whose prices are determined according to an accounting rule that protects the interests and rights of all concerned parties and is consistent with the low income of all Moroccans. He also called for reducing or completely canceling the fuel tax and unifying it into a single tax that does not increase with the rise in fuel prices, in addition to reviving oil refining at Samir. [[1]]
The issue of high fuel prices is a pressing concern for many Moroccans, and it is essential to address this problem to alleviate the burden on citizens. The government and relevant authorities must take necessary measures to ensure that fuel prices are fair and reasonable, taking into account the income levels of the Moroccan population.
References:
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