Moroccan fuel prices were revised Tuesday in the latest bi-monthly update, with diesel climbing by 20 centimes per liter while gasoline prices remained unchanged following a previous hike earlier this month.
According to Jamal Zrikem, president of the National Federation of Fuel Station Owners and Managers, this marks the second consecutive increase in diesel prices in July, which had already risen by 41 centimes at the start of the month. Gasoline had also seen a 29-centime hike at the time, coinciding with heightened summer demand.
Global oil markets have also been under upward pressure. A Reuters assessment on Wednesday reported that prices surged amid expectations of increased consumption during the summer season, as well as renewed geopolitical tensions and the looming threat of additional sanctions on Russia.
Last Friday, benchmark crude prices posted notable gains: Brent crude rose nearly 2% to $69.99 per barrel, while West Texas Intermediate climbed 2.2% to $68.06, despite the International Energy Agency lowering its demand forecast for the second half of the year.
add your comment
Terms of publication : Not to offend the writer, people, sacred things, or attack religions or the divine self, and refrain from racist incitement and insults.