The war in the Middle East and the Prices of Oil in Morocco

 The war in the Middle East is having a




significant impact on oil prices in Morocco. Tensions between the United States, Israel, and Iran have led to a rise in oil prices, which is directly affecting the Moroccan economy.

*Impact on Fuel Prices*

- Diesel prices increased by approximately 2 dirhams per liter and gasoline prices by 1.44 dirhams at the beginning of March.

- Experts predict a further price increase, potentially reaching 18 dirhams per liter for diesel.

*Economic Consequences*

- The rise in oil prices could trigger a new wave of inflation in Morocco.

- Morocco's strategic oil reserves are limited, covering approximately 30 days of consumption, making the country vulnerable to oil shocks.¹²³

*Government Measures*

- The Moroccan government has launched an exceptional support program for road transport professionals.

- The authorities also assured that fuel supplies were normal and that there was no risk of shortage.

Comments

Post a Comment

Popular posts from this blog

The moroccan Benson shoes brand history

Image
Culture, luxury and traditions: once upon a time ... the Benson Shoes, the Moroccan shoes that hit the streets abroad Germany, France, Belgium, Ivory Coast, Congo ... How did the Moroccan Benson Shoes conquer the world? The history of Benson Shoes is not trivial and serves as a homegrown success story.  The history of this luxury shoe begins in 1963, when Abdelaziz Benamour entered the footwear trade in Casablanca with his company Les Etablissements Idéal, first manufacturing hand-sewn boots for the army. At the end of the 1980s, Mohamed Benamour, the founder's son, joined the father's business and diversified the company's products while training craftsmen in new, more modern manufacturing processes.  After military and safety shoes, it is time to take a new step with the manufacture of luxury shoes, inspired by English models. We must then find a name for these new creations made according to the Goodyear-sewn process ... It will be Benson, a contraction of ...
Read more

McDonald's opens a new restaurant on the Casablanca-Marrakech axis

Image
McDonald's opens a new restaurant on the Casablanca-Marrakech axis Driss El Alami, executive vice president of McDonald’s Morocco (left) and Anouar Benazzouz, managing director of ADM.  After the opening of its 50th restaurant in Dar Bouazza Casablanca, a few days ago, McDonald's Morocco continued its expansion with the opening of a new restaurant on the Casablanca-Marrakech axis.  It is the 3rd McDonald’s restaurant located on the motorway network after those of Bouznika and the Casablanca-Rabat motorway.  This new 1,303 m² restaurant has a total capacity of 209 seats, 120 of which are on the terrace.  The green spaces are spread over 991 m² and the car park has around fifty spaces with specially designed access to allow residents of Berrechid to go to the restaurant from their city without having to take the motorway.  In addition, this new McDonald’s restaurant incorporates the latest services developed by the brand, in this case interactive digi...
Read more