Rabat – A recent report by the Moroccan Competition Council has revealed a notable decrease in gross commercial profit margins for diesel and gasoline distribution companies during the second quarter of 2024, compared to the first quarter of the same year.
The report indicated that the nine concerned companies achieved gross profit margins of 1.21 dirhams per liter for diesel and 1.79 dirhams per liter for gasoline, marking a decline from the first quarter rates which were 1.46 dirhams per liter for diesel and 2.07 dirhams per liter for gasoline, representing a difference of 25 and 28 centimes respectively.
The report highlighted that the average gross profit margins for diesel ranged between 1.05 dirhams and 1.34 dirhams per liter, while gasoline margins ranged between 1.54 dirhams and 2.01 dirhams per liter, exceeding diesel margins by approximately 0.58 dirhams per liter.
The Council identified two distinct periods in profit margin development:
- First period: From early April to end of May, characterized by a downward trend in margin levels.
- Second period: Covering the rest of the second quarter, which witnessed an increase in margins by 19 centimes for diesel and 27 centimes for gasoline.
This report comes as part of monitoring the implementation of commitments made by the nine companies operating in the diesel and gasoline market, in accordance with settlement agreements concluded with the Competition Council, which include seven commitments, among them the submission of quarterly reports to monitor supply, storage, and distribution activities.