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Russian diesel shipment may lower Moroccan fuel prices

Russian diesel shipment may lower Moroccan fuel prices

A tanker loaded with approximately 40,000 tons of low-sulfur Russian diesel has begun heading toward Morocco after unloading its cargo at the Russian port of Primorsk on the Baltic Sea on October 13. This shipment comes at a time when fuel prices in Morocco are experiencing new increases, with the price of diesel surpassing 16.30 dirhams per liter at the beginning of October. The export of Russian diesel from the Port of Primorsk resumed after the partial easing of export restrictions starting October 10, as part of agreements between Moscow and Washington to bolster global fuel supplies. Although Morocco's import of Russian diesel is not new, its potential impact on lowering prices remains uncertain, as it depends on the costs of purchase, transport, and distribution. The question remains whether the return of Russian diesel will boost competition among suppliers and contribute to reducing fuel costs for consumers, or if the market will continue to see little change in prices.

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