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.

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.

Boycott Campaign : Moroccan government to cap fuel prices, says Lahcen Daoudi

Interviewed by Bloomberg, General Affairs Lahcen Daoudi announced that the government is to adopt a new plan, capping fuel prices. The procedure comes as Moroccans protest the high cost of living in a viral boycott campaign.