Towards a new surge in fuel prices in Morocco?

El Houssine El Yamani, secretary general of the National Oil and Gas Union, member of the Democratic Confederation of Labor, warns of the inflation that threatens fuel consumers due to the rise in prices caused by Iran’s strikes on Israel.

Towards a surge in fuel prices in Morocco? The price of a barrel of oil increased by more than 10 US dollars after a week of Iranian strikes against Israel; an increase of one dollar per day on average, said El Houssine El Yamani. If this upward trend linked to the escalation of the war in the Middle East and its exploitation by Israel and the United States persists, certain non-oil producing countries could experience crises and disruptions in the supply, he believes. He also fears a rise in prices, which could exceed the levels reached at the start of the Russo-Ukrainian war in early 2022.