Assahafa.com
Morocco has enough fuel reserves to cover around 30 days of national needs, authorities said, as the country faces rising prices linked to global tensions and supply disruptions.
Secretary of State for Employment, Hicham Sabri, explained that this includes both fuel currently available inside the country and shipments still on their way to Moroccan ports. This would offer a short-term buffer against ongoing volatility in international energy markets.
Speaking on Tuesday evening during the TV program “Noqta Ila Satr” on Al Aoula, Sabri said that the current rise in fuel prices is closely tied to both domestic market conditions and international developments.
He noted that Morocco is not isolated from global shifts, particularly geopolitical tensions that continue to affect energy supply and demand.
Sabri pointed to declining imports from certain suppliers, especially Russia, as a key factor influencing global fuel prices. These disruptions are linked to the ongoing Russia-Ukraine war, which has reshaped energy flows and tightened supply in international markets.
He also added that the impact of escalating tensions in the Middle East has caused further instability. Among the major concerns are disruptions to key oil transport routes, including the Strait of Hormuz, a crucial passage for global energy shipments.
The latest fuel price increases in Morocco, which came into effect on Monday, reflect these global pressures. Sabri warned that such increases have direct consequences on citizens’ purchasing power, as higher fuel costs affect transportation and the prices of goods.
To mitigate the impact, the government has introduced support measures, including financial aid for transport professionals.
Sabri added that Morocco’s finance law was initially based on an oil price of $69 per barrel. However, prices are now nearing $100, with some projections suggesting they could climb to $130.
Source: Morocco word news
