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Rabat – In 2025, a series of new customs reforms will come into effect in Morocco, including the launch of a system designed to mark petroleum products.
This initiative is detailed in the budget execution and macroeconomic framework report accompanying the upcoming Finance Bill (PLF) for the next year.
The report reveals that the new system for marking petroleum products will be developed in collaboration with the Ministry of Energy Transition and Sustainable Development.
The primary objectives of this initiative are to tackle fiscal issues related to hydrocarbons and to reduce fraud in the sector.
The PLF 2025 will introduce a carbon tax to align fiscal and customs regulations with climate challenges through new green taxation measures.
Earlier this month, the Moroccan government also unveiled three new decrees to accelerate the transition to renewable energy.
One of these decrees aspires to diversify energy sources, reduce the national economy’s carbon footprint, and ensure widespread access to affordable energy.
Upcoming reforms and economic outlook for 2025
Next year is set to see ongoing advancements in creating regulatory frameworks for precious metal refining, striving to ensure traceability throughout the precious metal value chain.
This effort is part of a broader initiative to update the regulatory framework for precious stones and bolster standards for precious metal guarantees.
Meanwhile, the report outlines a planned reform of the Code for the Recovery of Public Debts (CRCP) in 2025, developed in consultation with the General Treasury of the Kingdom (TGR).
This reform will target specific articles related to recovery costs to boost the efficiency of public debt collection.
The report is divided into three main sections: the first addresses recent developments in the national economy within the international context and the outlook for national macroeconomic indicators pillars.
The second section details the budget execution status concerning revenues, expenditures, and debt indicators for 2023 and up to June 2024, as well as revised public finance projections for the current year. The third outlines budgetary directions and macroeconomic perspectives for the period from 2025 to 2027.
In recent years, gasoline prices in Morocco have experienced major fluctuations, often trending upward.
In May, a report by Global Petrol Prices, a platform that tracks retail prices of motor fuel, electricity, and natural gas in over 150 countries, highlighted Morocco as one of the top five African countries with the highest gasoline prices.
At that time, the average price per liter of gasoline in Morocco was MAD 15.46 ($1.54). The report placed Morocco fourth among African nations for the highest gasoline prices, following Central Africa, Senegal, Seychelles, and Zimbabwe, which had prices of $1.822, $1.643, $1.631, and $1.580 per liter, respectively.
This situation has fueled growing frustration among Moroccans, who are struggling with the rising costs of fuel amidst broader economic challenges.
