23 Hrs
Source:
الصباح
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Al-Yamani: Competition Shortage Fuels Price Rise
The rise in fuel prices in Morocco, which has increased by approximately one dirham per liter, reflects the impact of global oil price fluctuations on the local market. This increase is attributed to Morocco's transition from a price support system through the Compensation Fund to a liberalized pricing system since the end of 2015. As a result, prices are now directly linked to global oil markets, shipping and distribution costs, taxes, and profit margins. This change has led to higher profit margins for stakeholders in fuel distribution, reaching around 2,000 dirhams per ton. It also affects transportation and production costs, thereby fueling inflation and diminishing the purchasing power of households, especially those with limited and middle income. Experts believe that a solution requires reorganizing the sector and establishing more transparent mechanisms for price setting to strike a balance between global market conditions and protecting consumers from price volatility.
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