Questioned by Idriss Sentissi, president of the Popular Movement (MP) group in Parliament, Nadia Fettah Alaoui, Minister of Economy and Finance, explains that fuel prices in Morocco (almost) follow global trends.
Fuel prices in Morocco “have not decreased at the same rate as the declines recorded globally since the start of 2024”. This is what emerges from the written response of Nadia Fettah Alaoui. “The average price of diesel on a national scale fell by 1.70 dirham per liter, or a drop of 13% between January and the end of September” while the average price of diesel on the international market increased from 782 dollars per liter. ton in January to $667 in September, a decrease of 15%, said the minister.
Read: Fuels: what the month of December has in store for Moroccan motorists
Regarding gasoline, the national average price recorded a drop of 98 cents per liter, a reduction of 7% over the same period, while the price recorded a drop of 9% on the international market. On the other hand, international prices “experienced occasional increases during the first two weeks of October due to geopolitical tensions in the Middle East,” said Alaoui, specifying that the average price of a barrel of Brent reached 78 dollars. over this period, compared to a range oscillating between 72 and 74 dollars in September.
Read: Towards a new surge in fuel prices in Morocco?
The minister also did not hide the role assigned to the Competition Council in monitoring the competitiveness of the fuel distribution sector. In accordance with its decision rendered in 2023, “the Council regularly monitors this market and publishes, every three months, a report detailing the evolution of the sector and the degree of correlation between national and international prices,” he said. -she makes it known again.
