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In recent months, fuel prices in Morocco have been rising steadily. The price cap, promised by Lahcen Daoudi, is slow to see the day. A situation that has pushed the parliamentary groups, both of the majority and of the opposition, has expressed their dissatisfaction.
Responding Monday to oral questions in the House of Representatives on the subject, the Minister in charge of General Affairs and Governance finally acknowledged that he knew, since March last year, that his promise on the cap on fuel prices was going delay in being implemented.
And to admit that it was a “means of pressure” on companies that threatened to leave Morocco.
The government official did not stop there. Daoudi also said the goal behind the decision not to apply the cap was “to give investors a positive image of the country”.
“People have threatened to leave the national market, and we want to give a positive image of our country,” he said, calling on citizens to “show more patience.”
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.