Despite a significant drop in world oil prices, Morocco remains one of the African countries with the highest fuel prices. According to the “Global Petrol Prices” website, the price of a liter of fuel in Morocco was $1.54, placing the country in fourth position after the Central African Republic, Senegal, Seychelles and Zimbabwe. This paradoxical situation is mainly due to dependence on imports, supply times, and heavy taxation.
The composition of fuel prices in Morocco reveals that 61% comes from the international market, 31% from taxes, and 8% from distribution costs and profit margins. Also contributing to this situation is the cost of refining, which does not always keep pace with falling crude oil prices. Global investments are increasingly concentrated
Despite a fall in world oil prices, Morocco is among the African countries with the highest fuel prices. In May 2024, the average price of a liter of gasoline in Morocco reached $1.54. This situation is due to dependence on fuel imports, supply delays and heavy taxation. The price of fuel is made up of 61% of international market costs, 31% of taxes, and 8% of distribution costs and profit margins.
High prices directly impact the national economy, increasing costs in various sectors, including transport, which quickly passes on to consumers. This weighs heavily on the purchasing power and economic competitiveness of the country.
High fuel prices in Morocco are also influenced by the cost of refining. Declining global refining activity, driven by reinvestment in renewable energy, is helping to keep prices high. This dynamic slows down economic competitiveness and heavily affects the purchasing power of Moroccan consumers.
