Good news for Moroccans: Fuel prices in Morocco are expected to drop this week, according to sources close to Morocco’s oil industry.
The sources indicated that the decrease in oil prices is expected to be implemented by tomorrow, November 1.
The changes will operate as follows:
A decrease of 35 centimes per liter in diesel prices and a 21 centimes per liter decrease in gasoline.
The news will be welcomed by many Moroccans, especially following recent demonstrations and frustration at the high prices at Moroccan gas stations.
Rising global oil prices led to higher gas prices across the world. The shock affected Moroccan prices, leading to a proportional increase in domestic market prices.
It is understood that the drop in prices also follows the direction of global fluctuations. On October 30, the price of a barrel of oil dropped from $85 to $75.