Morocco’s general affairs minister said last year that the government would monitor fuel prices for a year.
Rabat – The minister of general affairs, Lahcen Daoudi, said a “cap mechanism is to come” in a video shared on the website of the ruling Justice and Development Party (PJD) on Wednesday.
Daoudi, who said last year that the government would monitor fuel prices for a year, noted that the decision would come into effect “between the end of February and mid-March.”
The minister pointed out that the Competition Council, the Moroccan authority responsible for combating anti-competitive practices, would have to examine the government’s “request on fuel prices on 14 February.”
Last week, the Moroccan Workers’ Union (UMT) raised concerns that fuel prices are rising due to lobbying, speculation, and monopolies. Government Spokesperson Mustapha El Khalfi responded that price fluctuations result from price freedom and competition.
Gasoline and diesel prices in Morocco during 2018 remained high until mid-December, according to Global Petrol Prices.
Between October 1, 2018 and January 7, 2019, the average gasoline price per liter in Morocco was MAD 11.05. The lowest price, MAD 10.21, was recorded on December 17 and the highest price, MAD 11.46, on October 1. However, Morocco’s average price of gasoline has been lower than the average world price of MAD 14.57 per liter during the same period.