Rabat: Morocco’s energy supply is secured for the next three months, thanks to coordination among various stakeholders in the sector, Minister of Energy Transition and Sustainable Development Leila Benali stated on Monday in the House of Representatives.

According to Agence Marocaine De Presse, Benali emphasized that as part of managing this “unprecedented crisis,” measures are being taken to ensure the supply of the domestic market under secure conditions until the end of the year, through diversifying import sources, notably from the United States, South America, and several European countries.

In this regard, the minister noted that the quantities secured under natural gas and coal contracts are sufficient to cover electricity production needs through next June, emphasizing that petroleum product stockpiles currently stand at 47 days of domestic consumption for diesel and 49 days for gasoline, despite disruptions at certain ports.

The ministry continues to monitor and reinforce the supply situation through regular monitoring of private operators’ import programs, Benali said, noting that the monitoring unit has mobilized territorial and regional offices, in addition to establishing an on-call system at the National Energy and Mining Laboratory, which is responsible for tracking the sector’s needs.

Regarding the protection of purchasing power, she specified that the government has allocated MAD 1.6 billion to support energy product prices, including MAD 600 million earmarked to subsidize butane gas, in order to help stabilize pricing, noting that the government currently subsidizes a 12-kg gas cylinder by 78 dirhams, compared to 30 dirhams before the war.

Benali further noted that MAD 400 million per month have been allocated to support the electricity sector, in addition to aid granted to transportation professionals amounting to 3 dirhams per liter, or approximately MAD 648 million per month.

The Competition Council has bolstered mechanisms to monitor international oil prices fluctuations’ effect on the domestic market, in order to ensure “transparency in profit margins and protect consumers from any unjustified price increases,” Benali noted, adding that the rise in international prices has only partially impacted the Moroccan market.