Heba Press
The Competition Council indicated that the total volume of gasoline and gasoline imports reached 1.65 million tonnes, with a financial envelope of 14.03 billion dirhams during the second quarter of 2024, recording an increase respectively 11.2 and 15.9% compared to the same period. a year ago.
The Council highlighted in its report on the implementation of the commitments made by gasoline wholesale and distribution companies within the framework of the reconciliation agreements concluded with the Competition Council that gasoline represented more than 88 percent of the volume and value of imports.
The same source indicated that the number of companies holding a license to carry out the activity of importing liquid petroleum products amounted to 31 companies at the end of June 2024, an increase of two companies compared to the end March of the same year.
Concerning the nine distribution companies covered by this report, they recorded approximately 85 percent of the volume and value of total market imports during the second quarter of the current year.
Specifically, the import volume of these companies recorded an increase of approximately 6.80 percent compared to the same period in 2023, from 1.31 million tonnes in 2023 to approximately 1.41 million tonnes in 2024 (a difference of up to 89,000 tonnes). The value of imports reached 11.96 billion dirhams during the second quarter of 2024, an increase of around 12%.
The detailed analysis by type of fuel indicates that the volume of gasoline imports recorded an increase of 6.3% (i.e. 1.23 against 1.16 million tonnes), and of the order of 11.4% in value (10.32 billion dirhams compared to 9.26 billion dirhams) during the same period. second quarter 2024.
For its part, the volume of gasoline imports increased, from around 154 thousand tonnes (1.46 billion dirhams) to around 170 thousand tonnes (1.64 billion dirhams) during the second quarter of 2024, i.e. an increase of more than 10.3 and 12.22% in terms of volume and value respectively.
Regarding tax revenues linked to the importation of gasoline and gasoline, these stood at around 7.19 billion dirhams in the second quarter of 2024, compared to 6.41 billion dirhams a year ago.
This increase is due to the increase in domestic tax revenues on consumption and the increase in the volume of imports (plus 11.2 percent).
Domestic tax revenue on consumption amounted to 5.23 billion dirhams (around 73% of the total tax revenue mentioned), an increase of 11% (a difference of 518 million dirhams), on an annual basis. .
As for the value added tax on imports, it increased by 15 percent to reach approximately 1.96 billion dirhams, and thus represents 27 percent of total tax revenue.
Analysis of data by type of fuel shows that the percentage of tax revenues from the importation of gasoline constituted approximately 83% of total revenues for the second quarter of 2024, reaching a value that reached 5.97 billion of dirhams. Revenues from the importation of gasoline amounted to 1.22 billion dirhams, or 17% of total revenues during this aforementioned period.
On the other hand, the Competition Council indicated that out of the total turnover achieved for the second quarter of 2024, amounting to 7.19 billion dirhams, the nine companies concerned in this report contributed up to of 6.14 billion dirhams (85.4% of total turnover). It is distributed between 4.47 billion dirhams of domestic tax revenue on consumption, and 1.67 billion dirhams of value added tax applied to the importation of gasoline and gasoline.
Note that the publication of this third report is part of the monitoring of the implementation of the commitments made by the nine companies active in the gasoline and gasoline market and affected by the conciliation agreements concluded with the Competition Council.
The number of commitments contained in the various decisions linked to this agreement reaches seven, including that linked to this report, which is to provide the Council, by each of the companies concerned, with a periodic report every three months, making it possible to monitor the evolution of the situation. activity of supply, storage and distribution of gasoline and gasoline.
