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“indecent” profits in Morocco?

“The prices charged at service stations in Morocco exceed the level they should reach during the first half of January 2025, with a difference of more than one dirham for diesel and nearly two and a half dirhams for price of gasoline,” points out Hespress El Houssine Yamani, general secretary of the national union of oil and gas industries under the CDT. According to his explanations, the price of a liter of diesel should not exceed 9.98 dirhams, compared to 11.30 dirhams applied at the stations. As for the price of a liter of gasoline, it should not exceed 11.06 dirhams, compared to 13.20 dirhams charged at stations during the first half of January.

Read: Bad news: fuel prices in Morocco will soar

The union leader is saddened by the fact that despite the unsuccessful attempts of the Competition Council, the profits of players in the sector increased after the decision to blindly liberalize prices. “These profits went from nearly 600 dirhams per ton to more than 2,000 dirhams per ton of diesel and more than 2,500 dirhams per ton of gasoline,” he explains. Based on these findings, Yamani calls for an overhaul of the oil regulatory framework. “The liberalization of fuel prices, the urgency to remove subsidies and the liberalization of gas prices, as well as the preparation for the liberalization of electricity prices, require particular attention to the extent of the serious damage that this orientation causes in terms of inflation and the purchasing power of citizens,” he believes.

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For Yamani, the current situation cannot be justified by decisions of direct social support and other slogans which “do not hold up in the face of the harshness of the lack and the difficulties of life experienced by all Moroccans, especially the most deprived, as well as the inhabitants of rural areas, who suffer from climatic hazards with the succession of years of drought combined with injustice in social policies. He also calls for the reduction of the tax rate applied, the relaunch of oil refining at the “Samir” refinery in Mohammedia, as well as the reorganization of the energy sector within the framework of the Moroccan Agency for Energy. sustainable energy. He also called for catching up on the delay in the implementation of projects strengthening energy sovereignty.

Morocco

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