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Morocco: 4th Highest Petrol Prices in MENA Region

The price of petrol in The Kingdom, by “global petrol prices” is ranked 76th globally by the gasoline price increase, based on data covering the period from 24 September to 31 December last year.

Morocco ranked 14th in the Arab world and the fourth in the Maghreb after Libya, Algeria and Tunisia. The average price in Morocco during this period was 11.13 dirhams, a minimum of 10.21 dirhams on 17 December 2018 and a maximum of 11.46 dirhams on 24 September 2018.

Libya ranked first as the cheapest petrol, followed by Sudan, Kuwait, Algeria, Egypt, Qatar, Bahrain, Saudi Arabia, Oman, the United Arab Emirates, Iraq, Tunisia and Lebanon respectively. While prices high in Palestine, Yemen, Jordan, Morocco ($ 1.07 per liter).

The index confirmed that the average price of gasoline around the world was $ 1.09 per liter, explaining that there is a fundamental difference in these prices between countries.

The index showed that rich countries have more expensive prices, while poorer countries and countries that produce and export oil have much lower prices, pointing out that one notable exception is the United States, an economically advanced country, but low in gas prices.

The five lowest ranks were Venezuela ($ 0.01 per liter), Sudan, Iran, Kuwait and Algeria. The list is listed as the most expensive price in Hong Kong ($ 2.01 per liter), Monaco, Norway and Iceland.

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