Difference between revisions of "Fuel Prices Morocco"
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{{Fuel Price Factsheet | {{Fuel Price Factsheet | ||
|Fuel Price Country=Morocco | |Fuel Price Country=Morocco | ||
| + | |Fuel Pricing Policies="Pricing policy: Government controls and subsidizes fuel prices and adjusts them infrequently. The price of LPG has been frozen since 1995, and other fuel prices were not adjusted between 2008 and Jun 2012, when the sharpest price increases in years were implemented for gasoline, diesel, and industrial fuel. The Compensation Fund (Caisse de Compensation) pays for subsidies for certain commodities, including petroleum products, sugar, and wheat. | ||
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| + | Social protection: Under draft plans released in Jan 2013, the subsidy system would be fully or partially replaced with monthly cash payments of DH 1,000 (US$116), with the new program potentially taking effect as early as June but taking about four years to implement rather than a sudden one-off hike in prices. | ||
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| + | Consequences of subsidies: Subsidies for petroleum products including LPG increased to US$5.4 billion by 2011, of which diesel had the largest share at 47%, followed by butane at 30%. Because of the magnitude of the subsidy and the pricing policy that sets the same unit price independently of cylinder size (3, 6, or 12 kg), household use of LPG is virtually universal and there are many 3-kg cylinders in circulation, against the backdrop of most other LPG markets elsewhere having opted for 10–15-kg cylinders because of large economics of scale associated with cylinder size." | ||
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| + | (Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.) | ||
|Fuel Currency=MAD | |Fuel Currency=MAD | ||
|Fuel Price Exchange Rate=8.19 | |Fuel Price Exchange Rate=8.19 | ||
|Fuel Price Exchange Rate Date=2010/11/23 | |Fuel Price Exchange Rate Date=2010/11/23 | ||
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|Fuel Price Composition Annotation=No information available. | |Fuel Price Composition Annotation=No information available. | ||
| − | |Fuel Pricing | + | |Fuel Matrix Pricing Mechanism=1 |
|Fuel Matrix Price Level=3 | |Fuel Matrix Price Level=3 | ||
| − | |||
|Fuel Transparency Price Composition=1 | |Fuel Transparency Price Composition=1 | ||
|Fuel Transparency Pricing Mechanism=1 | |Fuel Transparency Pricing Mechanism=1 | ||
}} | }} | ||
Latest revision as of 10:47, 26 March 2013
Part of: GIZ International Fuel Price database
Also see: Morocco Energy Situation
Fuel Pricing Policies
| Local Currency: | MAD |
| Exchange Rate: | 8.19
|
| Last Update: |
"Pricing policy: Government controls and subsidizes fuel prices and adjusts them infrequently. The price of LPG has been frozen since 1995, and other fuel prices were not adjusted between 2008 and Jun 2012, when the sharpest price increases in years were implemented for gasoline, diesel, and industrial fuel. The Compensation Fund (Caisse de Compensation) pays for subsidies for certain commodities, including petroleum products, sugar, and wheat.
Social protection: Under draft plans released in Jan 2013, the subsidy system would be fully or partially replaced with monthly cash payments of DH 1,000 (US$116), with the new program potentially taking effect as early as June but taking about four years to implement rather than a sudden one-off hike in prices.
Consequences of subsidies: Subsidies for petroleum products including LPG increased to US$5.4 billion by 2011, of which diesel had the largest share at 47%, followed by butane at 30%. Because of the magnitude of the subsidy and the pricing policy that sets the same unit price independently of cylinder size (3, 6, or 12 kg), household use of LPG is virtually universal and there are many 3-kg cylinders in circulation, against the backdrop of most other LPG markets elsewhere having opted for 10–15-kg cylinders because of large economics of scale associated with cylinder size."
(Source: Kojima, Masami. (2013, forthcoming). “Petroleum product pricing and complementary policies:Experience of 65 developing countries since 2009.” Washington DC: World Bank.)
Fuel Prices and Trends
| Gasoline 95 Octane | Diesel | |
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| in Local Currency |
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* benchmark lines: green=US price; grey=price in Spain; red=price of Crude Oil
Fuel Price Composition
Price composition.
No information available.
At a Glance
| Regulation-Price-Matrix |
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Sources to the Public
Contact
Please find more information on GIZ International Fuel Price Database and http://www.giz.de/fuelprices
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