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Morocco Sees Sharp Fuel Price Hike Due to Regional Conflict
(MENAFN) Fuel costs in Morocco surged by roughly 13% on Wednesday as disruptions in supply linked to the ongoing conflict drove prices higher, according to reports.
Diesel prices rose from 12.79 dirhams ($1.37) to 14.50 dirhams ($1.55), while gasoline climbed from 13.92 dirhams ($1.49) to 15.60 dirhams ($1.67), marking the second increase since the outbreak of the war in Iran.
Global markets have experienced increased volatility as the US-Israeli conflict in Iran pushes oil prices upward, raising inflation concerns.
Since Feb. 28, Iranian retaliatory strikes have targeted Gulf states, damaging critical infrastructure including airports, ports, and energy facilities.
Diesel prices rose from 12.79 dirhams ($1.37) to 14.50 dirhams ($1.55), while gasoline climbed from 13.92 dirhams ($1.49) to 15.60 dirhams ($1.67), marking the second increase since the outbreak of the war in Iran.
Global markets have experienced increased volatility as the US-Israeli conflict in Iran pushes oil prices upward, raising inflation concerns.
Since Feb. 28, Iranian retaliatory strikes have targeted Gulf states, damaging critical infrastructure including airports, ports, and energy facilities.
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