As inflation continues impacting Moroccans’ purchasing power, a slight drop in fuel prices is set to take place on Wednesday, May 17.
Data from the National Federation of Owners, Traders, and Managers of Service Stations in Morocco forecasts prices of diesel to drop by around MAD 0.30.
Gasoline’s prices per liter will also drop by nearly MAD 0.20.
Fuel prices continue to weigh down Moroccans’ purchasing power as one liter of fuel ranges between MAD 11.95 and MAD 14.
Prices differ from one gas station to the other, and also depend on location and distributors.
The North African country has been suffering a major inflation crisis which has affected Moroccans and their purchasing power.
The majority of basic food products and commodities have witnessed dramatic increases of prices, including vegetables, fruits, meat, and poultry.
Throughout the past months, many labor unions announced pledges to organize protests and sit-ins to denounce the price increases.
Many have also turned to social media to launch campaigns calling on the government to answer citizens’ demands.
Several MPs and politicians also pointed to the government’s inaction to tackle the socio-economic crisis in criticism.
In February, Morocco’s Government Work Observatory listed a series of shortcomings, taking issue with the cabinet’s lack of willingness to tackle the crisis resulting from soaring prices.
The report also emphasized the government’s “lack of any vision when it comes to addressing the structural imbalances and system of supplying Morocco’s markets.”
In addition, the observatory listed the “lack of will” to stand against the ongoing, market-hurting practices of “monopoly and speculation,” especially with regard to food and energy products despite strong evidence confirming the existence of the practices.
