Monday, March 02, 2015

Petroleum Prices in Morocco Rise Again

The Moroccan Ministry of Corporate Affairs has announced a further rise in prices of petroleum products. According to a government statement the rise, from last Sunday, March 1st, is only a slight increase

The price of diesel rose by 51 cents to 8.96 DH per litre, while that of premium gasoline rose 34 cents to 9.88 dirhams per litre.

Back in September 2013 the Benkirane government implemented a system of partial indexation of petroleum prices in order to reduce the burden on the state's budget and slow a widening budget deficit.

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