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Moroccan watchdog criticizes fuel price cuts
The reduction in fuel prices in Morocco has sparked widespread discontent from the Moroccan Consumer Protection Observatory. They consider that this decrease of 20 cents, which comes after cumulative increases since mid-July, is insufficient and has a limited impact on citizens' purchasing power. The increases, amounting to more than 3.54 dirhams per liter, have added financial burdens, especially on transport and service professionals, with only a modest decrease of about 10 dirhams when filling a 50-liter tank. The criticisms also highlighted the lack of clarity regarding the mechanisms used to calculate prices, calling for greater transparency concerning import, storage, and distribution costs to ensure fair competition and a more accurate understanding of the fuel market. The Observatory emphasized the need for faster and more transparent passing on of reductions to better face international market fluctuations, protect purchasing power, minimize the impact of rising prices across various sectors, and increase confidence in the fuel market through enhanced monitoring and communication with consumers.
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