Fuel prices in Morocco went up Wednesday, with diesel exceeding MAD 16 a liter for the first time ever.
According to data seen by Hespress EN across stations in Rabat, diesel price is set at MAD 16.01 a liter, and gasoline reached MAD 17.8 a liter in TotalEnergies.
In a Shell station, diesel showed up to MAD 15.98 a liter, an increase of about 36 cents, while gasoline reached MAD 17.79 a liter.
In Petrom, diesel price amounted to MAD 16.07 a liter, and gasoline MAD 17.80 a liter.
The soaring in fuel prices comes as a result of the international crisis, mainly the Russia-Ukraine war that began on February 24 and still lasts for over 100 days.
Additionally, several countries around the world imposed sanctions on Russia in support of Ukraine, which disrupted trade and led to this spike in global prices.
Recently, Morocco’s central bank (BAM) expected the value of the energy bill to reach MAD 122.4 billion for the current year, due to the high prices of imported fuel products.
The Moroccan government also announced as of yesterday that it will provide the 4th aid round for transportation professionals, in a bid to help support the rise in fuel prices.
The unions propose lowering taxes and profit margins in the hydrocarbon industry.
They are also emphasizing the importance of reactivating the Samir oil refinery, which has been idle for years.
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