Fuel prices in Morocco declined on Tuesday after two of the country’s largest petroleum distributors introduced new pump prices that took effect at midnight on Monday, offering motorists a fresh reduction amid easing tensions in global energy markets.
According to sources within the fuel station sector, petrol prices were reduced by MAD 0.60 per litre, while diesel prices fell by MAD 0.40 per litre.
Following the adjustment, petrol prices, which had been hovering around MAD 14.90 per litre, are expected to average approximately MAD 14.30 per litre, depending on the region and distributor. Diesel prices, which stood at roughly MAD 13.97 per litre after a previous reduction on June 1, are expected to settle near MAD 13.57 per litre.
The latest decrease comes as international oil markets reacted positively to a memorandum of understanding reached between the United States and Iran. The agreement is expected to reinforce a ceasefire arrangement and help guarantee freedom of navigation through the Strait of Hormuz, one of the world’s most strategic maritime routes for oil exports.
In a statement, Morocco’s Ministry of Foreign Affairs welcomed the agreement, describing it as an important step toward consolidating regional stability and ensuring the uninterrupted flow of maritime trade through the Gulf.
The ministry also called for the swift implementation of the agreement and expressed appreciation for the diplomatic efforts that helped facilitate the deal. It voiced hope that the understanding would contribute to resolving outstanding issues in accordance with international law.
Global oil prices responded with notable declines as concerns over potential supply disruptions eased. Brent crude fell by around 1.7 percent to approximately $81.73 per barrel, while U.S. West Texas Intermediate crude dropped by roughly 1.9 percent to $79.20 per barrel, reaching their lowest levels since March.
Market analysts attributed the decline to growing expectations that the agreement could secure the continued movement of oil shipments through the Strait of Hormuz and reduce geopolitical risks affecting global supply.
The June 16 price cut follows a series of downward adjustments since the beginning of the year. Diesel prices had already been reduced by MAD 0.53 per litre earlier this month.
Fuel prices in Morocco remain closely linked to fluctuations in international crude oil markets, refined product costs, and domestic distribution conditions. Industry observers note that further changes at the pump will largely depend on the evolution of global oil prices and the stability of energy supply routes in the coming weeks.
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