Home / Finance & Economy / Fuels: Prices have risen again in Morocco

Fuels: Prices have risen again in Morocco

Fuel prices rose again in mid-March. The price of diesel has increased by 10 cents per liter, while the price of gasoline has increased by 15 cents.

In Casablanca, the price of the liter of diesel is around 9.57 dirham, while that of gasoline reached 10.34 dirhams.

Note that fuel prices have risen gradually since last February.

Recall also that Lahcen Daoudi had heavily criticized the “political exit” of the Competition Council. The latter having disapproved on Friday, February 15, the government’s request for the project to cap the profit margins of liquid fuels.

Fuel cap is not a wise choice from an economic, competitive and social justice point of view. This was announced by the President of the Competition Council Driss Guerraoui at a press conference.

He had specified that the cap is first a cyclical measure limited in time since the provisions of Article 4 of Law 104-12 sets the duration of application to six months, extendable once. He added that capping is a discriminatory measure that applies to all operators, regardless of their size and the structure of their costs. This may, according to the president, penalize operators of small and medium size who will be more vulnerable.

For Driss Guerraoui, the market suffers from several structural dysfunctions to which short-term responses can only have limited effects, underlining that this finding is based on an analysis of the conditions for the implementation of the total liberalization of fuel prices. entered into force December 2015.

Check Also

Chariot asks Halliburton for help to drill his well in Morocco

Africa-focused energy company Chariot has signed a binding letter of intent with Halliburton, one of …

Leave a Reply