Morocco Maintains Price Controls and Supply Stability

Morocco says it has enough foreign currency reserves to cover about six months of imports despite global uncertainty.

Casablanca – Morocco’s government moved today to reassure markets as global tensions ripple through energy and food supply chains. Prime Minister Aziz Akhannouch chaired a ministerial meeting in Rabat to assess the fallout from the Middle East crisis, with officials saying energy stocks remain stable and that foreign currency reserves cover about six months of imports.

Different departments presented updates on how the international situation is affecting key sectors, but authorities stressed that essential goods and agricultural products are still being supplied under normal conditions.

The government said it will continue supporting transport professionals to keep the movement of goods and passengers steady, with no increase in fares for citizens. Subsidies for butane gas and household electricity will also remain in place to avoid price hikes. Officials also pointed to tighter monitoring of agricultural distribution channels, aiming to keep basic products available at reasonable prices despite external pressure.

The meeting comes as fuel prices have been climbing sharply across Morocco over the past two months, adding pressure to households and businesses. Since early March, petrol and diesel prices have risen in several waves, with increases of up to around MAD 1.5 to MAD 2 per liter at different points, pushing gasoline to roughly MAD 15 to MAD 16 per liter and diesel above MAD 14. A new round of increases in mid-April added about MAD 1 per liter in some areas.

The surge is largely tied to global supply disruptions and rising oil prices linked to the ongoing conflict involving Iran, which has hit import-dependent countries like Morocco particularly hard.

Authorities have already reintroduced subsidies for the transport sector to limit the impact on inflation and keep prices relatively stable for consumers, though fuel costs remain a key concern heading into the coming months.

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