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Agadir – Morocco saw another reduction in fuel prices, with distributors lowering pump prices starting from today as declining international oil prices continue to ease pressure on the domestic market.
The latest adjustment saw the average price of diesel fall by nearly MAD 0.96 per liter, bringing it to approximately MAD 12.61 per liter, down from around MAD 13.55.
Gasoline prices also declined, with an average decrease of MAD 0.45 per liter, leaving gasoline selling at roughly MAD 13.84 per liter. Actual prices vary depending on the distributor and location.
The price cuts follow an earlier reduction introduced on June 16, when diesel prices were lowered by about MAD 0.40 per liter and gasoline by MAD 0.60 per liter.
The latest decrease comes after international crude oil prices retreated in recent weeks, particularly following a de-escalation of tensions in the Middle East. Lower global oil prices have reduced import costs for fuel distributors, allowing them to pass part of the savings on to consumers.
Morocco to mitigate international energy pressure
The Moroccan government is intensifying efforts to diversify the country’s energy sources by accelerating oil and gas exploration alongside its renewable energy strategy.
Speaking before Parliament on Monday, Minister of Energy Transition and Sustainable Development Leila Benali said around 10 companies are currently exploring for hydrocarbons across Morocco, including Moroccan investors participating in the sector for the first time.
Benali explained that exploration activities are being conducted under 53 licenses and permits, including 40 offshore licenses, nine onshore licenses, and four exploitation concessions, covering several regions of the country.
Recent exploration campaigns have resulted in natural gas discoveries in the Gharb Basin, Essaouira, Tendrara, and offshore Larache, the minister noted. While these finds are encouraging, she acknowledged they have yet to reach the scale required to make Morocco a major hydrocarbon producer.
