Morocco’s 2022 fuel bill seen up $2.5 bln from 2021

Published: Updated:
Enable Read mode
100% Font Size

Morocco’s fuel bill this year will increase by $2.56 billion (25 billion dirhams) compared to 2021, the top electricity official told parliament on Wednesday, according to official news agency MAP.

For the latest headlines, follow our Google News channel online or via the app.

“The 2022 fuel bill will reach 47.7 billion dirhams,” Abdul Rahim Al-Hafizi, the director of the national office for electricity, said in a speech.

That compares with an average of $2.16 billion (21 billion dirhams) during the last four years, he added.

Fuel will make up a large share of the cost of producing electricity, reaching 64 percent in 2022, up from 44 percent in 2021, Al-Hafizi added.

Read more:

UAE’s Adnoc buying two new gas tankers from China as part of LNG push

Singaporeans filling their cars with cheap Malaysian fuel causes upset

France’s TotalEnergies to stop buying fuel and fuel products from Russia

Top Content Trending