Sunday, 05 December 2021 02:26 GMT

Fuels Prices Drop at Morocco's Pumps: February

(MENAFN- Morocco World News) Rabat – , the Minister of General Affairs and Governance, said that prices at the in Morocco were 'forced to fall,' after global oil prices have dropped sharply in recent months.

However, since Friday, average prices at the pump have actually dropped. The diesel registered a drop of about MAD 0.17 and MAD 0.15 for gasoline.

Daoudi who follows oil price's evolution on 'daily basis,' noted the decline of the latter from USD 70 to stand at USD 62 per barrel. He also pointed out that prices will remain the same until the end of February before fluctuating again.

After the liberalization of fuel prices, the ministry launched, last September, a new initiative allowing drivers to check the evolution of fuel prices at the pump. Daoudi's solution of showing consumers all available prices will keep them informed by allowing them 'to choose the cheapest petrol stations.'

The minister insisted the information 'must' be available for citizens. However, he stated during a press conference, held in June 2017, that 'citizens do not take advantage of the liberalization' of hydrocarbon prices enacted in December 2015.

The minister alleged that it was Morocco who had 'not provided conditions for good competition.' He also announced that while distributors can change the price of hydrocarbons whenever they want, they must alert the ministry before they do so.


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