The Moroccan government has issued reassurances that the national market will remain regularly supplied with energy products until the end of the year. According to Leïla Benali, Minister of Energy Transition and Sustainable Development, current data indicates a stable supply of energy materials. The minister made these statements following a meeting of the ministerial committee tasked with monitoring the impact of geopolitical tensions in the Middle East on the national economy.
Benali highlighted that the current stock of petroleum products ranges from 40 to 60 days and is monitored daily by the committee and sector stakeholders. This, she said, ensures the continued supply of the national market. Additionally, she noted that several stockpiles are available to enhance the national strategic reserve of essential materials, including butane gas and diesel.
The ministerial committee, led by Prime Minister Aziz Akhannouch, is working to monitor daily supplies of energy materials, including petroleum products. This effort aims to guarantee a stable supply of energy to the national market. The committee's work includes tracking the supply of essential materials for the Moroccan economy and households.
Finance and Economy Minister Nadia Fattah emphasized that addressing fluctuations in international fuel prices involves not only monitoring market trends but also mobilizing necessary financial resources for affected sectors, particularly transportation. These measures aim to mitigate the impact of these pressures on professionals in the sector.
Fattah explained that these initiatives also seek to limit potential effects on inflation, which, according to available data, remains relatively stable and under control. The minister assured that financial resources will continue to be mobilized to support the transportation sector until the end of the year, providing relief to professionals.
Industry and Trade Minister Ryad Mezouar expressed confidence in Morocco's ability to meet its fuel needs and ensure a regular supply to the national market. He noted that several measures have been taken to minimize the impact of global price increases on domestic prices.
Mezouar emphasized that these measures aim to protect the purchasing power of citizens and limit the impact of fuel price hikes on Moroccan households. The ministerial committee, established to monitor the impact of Middle Eastern geopolitical tensions on the national economy, meets regularly to assess the situation and take necessary actions.
Key points
- The Moroccan government has reassured that the national market will remain regularly supplied with energy products until the end of the year.
- The current stock of petroleum products in Morocco ranges from 40 to 60 days.
- The government has implemented measures to mitigate the impact of global fuel price fluctuations on the domestic market.
