Fuel Prices Fall Below MAD 15 per Litre in Morocco at Start of May

Rabat– Fuel prices in Morocco have recorded a decrease of around MAD 1 ($ 0.10) per litre at the beginning of May, bringing temporary relief after several months of consecutive increases in diesel and gasoline costs.

Both fuels have now fallen below the MAD 15 ($1.62) per litre threshold.

According to professional sources at fuel distribution stations, diesel, one of the most widely used fuels in the country, has dropped by approximately MAD 1per litre, while gasoline has decreased by around MAD 1.10 ($0.11). The new pricing came into effect overnight from Thursday to Friday.

The adjustment follows a period of sharp volatility in the national fuel market, which had registered three successive price increases in recent months. The first hike was introduced on March 16, followed by another at the beginning of April, and a third adjustment later that month.

During the previous period, fuel prices had risen significantly, exceeding a cumulative increase of more than MAD 3 ($0.30). These hikes were implemented in stages amid escalating tensions in the Middle East, which contributed to instability in global oil markets.

The fluctuations were linked to geopolitical developments affecting supply routes, particularly concerns surrounding the Strait of Hormuz, a key passage for global oil shipments. Disruptions in the region, combined with broader international tensions, contributed to higher import costs for Morocco, which relies heavily on imported energy to meet domestic demand.

Given this dependency, changes in global oil prices are directly reflected in local fuel prices, affecting both diesel and gasoline at Moroccan service stations.

The earlier increases had wide-ranging economic impacts, extending beyond transport to agriculture, industry, and services. Rising fuel costs contributed to higher production and distribution expenses, feeding into broader inflationary pressures and affecting household purchasing power.

While authorities have previously introduced limited mitigation measures, including temporary support for transport professionals, these interventions have not fully offset the effects of global price volatility. As international markets remain uncertain, fuel pricing in Morocco continues to closely follow global energy trends and geopolitical developments.

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