Capping fuel prices : Oil companies in Morocco «do not understand the decision»

Against all odds, the Minister of General Affairs criticized last week the decision of the anti-competitive practices’ council, which disapproved of Lahcen Daoudi’s plan to cap fuel prices. Commenting on that, oil companies in Morocco said that «they still don’t understand» the measure.

Capping Fuel prices : Anti-competitive practices council disapproves of Lahcen Daoudi’s decision

On January the 30th, General Affairs Minister Lahcen Daoudi announced that Morocco will start capping fuel prices in March. The Conseil de la Concurrence, a Moroccan authority charged with combatting anti-competitive practices, disapproved of Daoudi’s decision.

Morocco to cap fuel prices in March, according to Lahcen Daoudi

Morocco is to start capping fuel prices in March, General Affairs Minister Lahcen Daoudi said in a video published by his party’s website. The decision comes after it was announced in 2018.

Morocco among the Arab countries with the highest gasoline prices

While the Competition Council intends to meet the distributors of fuels, a study published earlier this week ranks Morocco as one of the countries where gasoline remains the most expensive in the region.

Lahcen Daoudi : «Capping fuel prices is not an urgent matter»

Capping oil prices, a plan initiated by the government in July, «is not an urgent matter» as oil companies have dropped their prices, said General Affairs Minister Lahcen Daoudi on Monday.