The Minister of Economy and Finance, Nadia Fettah, explained that fuel prices are no longer set by the State, but by the operators in the sector, assuring that this mechanism remains under strict supervision and that support and energy transition measures are planned.
Despite the drop in oil prices and the dollar since the beginning of the year, fuel prices at the pump remain high in Morocco. An inexplicable increase denounced by the Moroccan Federation of Consumer Rights.
In Morocco, companies have the obligation to file their declaration before the end of March. Defaulting companies are exposed to heavy fines of up to 125,000 dirhams.
Faced with the continuous rise in pump prices, the National Petroleum and Gas Union, affiliated with the Democratic Confederation of Labor (CDT), calls on the authorities to take their responsibilities and return to price regulation.
In Morocco, fuel prices are rising again, after a short period of stability. The weakness of strategic stocks would be the cause of this situation.
The American pharmaceutical giant Viatris Inc. is being fined 7.58 million dirhams (about $760,000) by the Moroccan competition authority. The reason: the group did not notify its creation resulting from the merger between Mylan and Upjohn (Pfizer) in 2020, as required by the regulations.
Abdelhamid Addou, the CEO of Royal Air Maroc , calls for a revision of the Open Sky agreements between Morocco and the European Union, in force since 2005. This, in order to mitigate its perverse effects on the Moroccan company and ensure fairer competitive conditions.
Public investment in Morocco reached a record level of 300 billion dirhams in 2023, representing an increase of 22.4% compared to 2022 and 53.9% compared to 2019, reveals the Competition Council in a recent report.
Prices are reaching record highs in Morocco. Cafes and restaurants are heavily affected by this galloping inflation. They are facing a drastic drop in their revenues.
After a detailed analysis, the Competition Council makes several recommendations to improve the transparency and competitiveness of the fuel market.
After the Turkish BIM, Kayzon, the Egyptian retail chain, has decided to conquer the Moroccan hard discount market. In just six months, the group has nearly 100 stores in the kingdom.
Preliminary investigations conducted by the competent services of the Competition Council reveal that café owners and managers are considering a possible increase in the prices of beverages. The regulator does not rule out the opening of a possible investigation into these practices prohibited by law.