فاس نيوز ميديا جريدة الكترونية جهوية تعنى بشؤون و أخبار جهة فاس مكناس – متجددة على مدار الساعة
Fez News – Economy and Energy
Rabat – The Competition Council issued its seventh quarterly report on monitoring the commitments of the nine major fuel distribution companies in Morocco, confirming that distributors’ gross profit margins remained high and stable during the second quarter of 2025, despite declining international supply costs. The report shows that only part of this decline was translated into selling prices at gas stations, allowing companies to maintain their profits at approximately last year’s levels.
Clear Disconnect Between Purchase Costs and Pump Prices
- Diesel: International CIF pricing decreased by 0.73 dirhams/liter, and average purchase cost (pre-tax) decreased by 0.98 dirhams/liter, but the selling price to stations only decreased by 0.47 dirhams/liter. The difference of 0.51 dirhams/liter reflects partial absorption by distributors.
- Gasoline: CIF prices remained nearly stable (−0.03 dirhams/liter), but purchase cost decreased by 0.61 dirhams/liter, while selling price only decreased by 0.32 dirhams/liter, a difference of 0.29 dirhams/liter.
Stable Gross Margins Despite Price Decline
The weighted average gross margin during the second quarter of 2025 reached:
- 1.17 dirhams/liter for diesel (compared to 1.21 dirhams in Q2 2024)
- 1.83 dirhams/liter for gasoline (compared to 1.79 dirhams in 2024)
Diesel margins ranged between 0.94 dirhams in early April and 1.46 dirhams at the end of June, while gasoline margins peaked at 1.95 dirhams/liter, confirming that gasoline margins remain higher than diesel.
Import and Sales Figures
- Import volume increased by 4.2% (1.72 million tons), but its value decreased by 22% (10.93 billion dirhams compared to 14.03 billion in 2024).
- Sales of the nine major companies increased by 3.8% in volume (1.88 billion liters), but their value decreased to 17.27 billion dirhams (−12.8%).
- Two new operators entered the market, bringing the number of distributors to 38 companies, with the nine major ones still controlling 81% of imports.
Market Transparency Remains Questionable
Despite pump prices actually declining during the second quarter, this decline was much less than the decrease in purchase costs, bringing back to the forefront the debate about the transparency of price formation in the fuel sector. While the government emphasizes the need to ensure fairness and equity in prices, the figures show that consumers have not fully benefited from the decline in global prices.
The file of monitoring and regulating the fuel market remains one of the sensitive files followed with great interest by public opinion, especially in light of international oil price fluctuations.
