The latest increase in fuel prices in Morocco, implemented between the end of March and the beginning of April, is placing additional pressure on purchasing power. On the professional side, representatives of service station managers also express uncertainty and point to the influence of major distributors.
The recent spike in fuel prices in Morocco has sparked a wave of discontent. Lawmakers are pressing the government for transparency and action, questioning the rapid price hikes, inadequate fuel reserves, and the effectiveness of regulatory measures in safeguarding the country's energy security.
Since yesterday, gas prices in Morocco have increased, prompting many motorists to rush to stations to fill their tanks before the new rates took effect. Meanwhile, some stations temporarily closed, citing depleted stocks, which angered customers and led consumer protection associations to call on the government to intervene and regulate the market.
The Competition Council reported that in the first quarter of 2024, the profit margins for Morocco's nine fuel distribution companies averaged 1.46 dirhams per liter for gasoline and 2.07 dirhams per liter for diesel, with gross margins showing a downward trend.