Diesel Prices Rise Slightly, Gasoline Prices Remain Stable in Morocco
Starting September 1, 2026, diesel prices in Morocco will see a minor increase of 0.06 dirhams per liter, according to the Federation of Station Owners, while gasoline prices will remain unchanged. This adjustment comes amidst fluctuating global oil prices, which had recently experienced a decline. On August 24, 2026, Brent crude futures closed at $92.17 per barrel, reflecting a 2.35% decrease, while West Texas Intermediate (WTI) saw a similar drop to $85.01 per barrel.
The reduction in oil prices is attributed to profit-taking by investors following a two-week period of increases, during which the indices surged over 5%. The ongoing tensions surrounding the peace talks between the United States and Iran, combined with restrictions on oil shipments through the Strait of Hormuz, have contributed to these fluctuations. Despite this, Bloomberg noted a significant increase of approximately 13% in Brent prices over the prior two weeks.
On August 25, prices continued to decline, with Brent stabilizing at $88.58 per barrel, showing a decrease of 3.9%. WTI closed at $82.36, down by 3.1%. Reuters highlighted that this price point was the lowest in over a week, as economic pressures on Iran were perceived to pose less risk to supply than potential military escalations. In the same context, discussions between Iran and Oman regarding the resumption of navigation in the Strait of Hormuz generated a renewed sense of optimism.
On August 26, the downward trend persisted following talks between Iran and Oman, with Brent closing at $87.84 and WTI at $82.23, marking slight decreases of 0.84% and 0.16%, respectively. The prices reflected the lowest levels seen since August 10. Bloomberg reported that Brent was heading towards dropping below $87, with losses accumulating to around 8% during the week.
By August 27, prices rebounded slightly as hopes for returning to previous ceasefire agreement conditions between the US and Iran waned. Brent settled at $89.70, up by 2.1%, while WTI rose to $83.53, a 1.6% increase, breaking a three-session streak of declines. However, by the end of last week, oil prices again fell, with Brent down 0.43% and WTI down 0.16%. The week concluded with losses exceeding 5% for Brent and 4% for WTI, attributed to anticipated changes in US monetary policy and the potential for reopening the Strait of Hormuz.
As of this past Sunday, Brent appeared set to register a weekly loss of 5.3%, while WTI recorded a 4.3% loss, influenced by trading close to $89.10 and $82.89, respectively. The fluctuations in oil prices continue to impact the overall market, prompting adjustments in local fuel prices.
As reported by hespress.com.
