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

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

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.

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“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.

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