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For the fourth time in 15 days, fuel companies raise prices while the authorities watch

The News GlorybyThe News Glory
17/08/2023
For the fourth time in 15 days, fuel companies raise prices while the authorities watch

Fuel companies continue to raise fuel prices many times every 15 days, contrary to the custom that was agreed upon between companies and institutions involved in the sector, which stipulates setting and reviewing prices once every half month.

Fuel companies, as every time, have raised prices four times over the last 15 days, without the authorities interfering to put these companies to their limits.

The fourth increase The companies increased by more than 76 cents in the price of gasoline, and more than 53 cents in the price of gasoline, with slight differences in the value of these increases according to the companies.

The outcome of the increases applied by the companies to the Moroccans in the level of fuel prices since the beginning of this month has approached nearly two dirhams in the prices of gasoline and nearly one and a half dirhams in the prices of gasoline.

These successive increases come against the recommendations and warnings of the constitutional institutions in charge of monitoring, foremost of which is the Competition Council.

It was agreed that fuel prices would be reviewed every 15 days, after this article was liberated from the clearing fund support, and it was customary to apply, indirectly, a previous decision of the Prime Minister No. 3.01.14 issued on Rabi` al-Awwal 13 1435, corresponding to 15 January 2014, by creating a system for indexing the prices of some liquid fuels, says in its first article that “the maximum prices at which premium fuel, gasoline, fuel and No. 2 are purchased are determined on the first and sixteenth day of each month on the basis of their comparison with international prices according to the elements of the price structure mentioned in Appendix 1 attached to this Resolution.

With regard to gasoline, the decision adds, “The maximum basic price at which gasoline is sold to the public is reviewed at the first hour of the sixteenth day of every month. On the basis of the purchase price calculated according to the moving average of the price of gasoline in the international market starting from the thirteenth day of the month M 2- And ending on the twelfth day of the month M according to the elements of the two price structures and international market references contained in Annexes No. 1 and 2 attached to this decision, and on the basis of the moving average of the exchange rate of the dirham against the US dollar for the same period.

As for premium fuel, fuel and No. 2, “the maximum basic prices at which premium fuel, fuel and No. 2 are sold to the public are reviewed at the first hour of the first and sixteenth day of every month on the basis of the purchase prices stipulated in Article 1 above and in accordance with For the elements of the price structure contained in Appendix No. 2 attached to this decision, and to be communicated to all concerned parties by the government authority in charge of energy.

Although this decision is no longer in force, companies have pledged to implement some of its provisions to justify raising or lowering fuel prices in the national market.

These increases come in the absence of any repressive and deterrent intervention by the Competition Council, which has so far only recorded observations and alerted to the existence of imbalances in imposing prices, at a time when companies continue to make immoral, imaginary, and unprecedented profits, taking advantage of the government decision to lift subsidies for these Article, justifying these increases by the fact that the market is liberalized.

On the other hand, these increases cause a huge increase in prices at all levels, starting with transportation tickets via buses and taxis of both types, and ending with the prices of basic materials, vegetables and fruits, whose prices rise under the pretext that the cost of transportation increases with the increase in the prices of liquid fuels, which means that the poor citizen and the members of the class The average ones are paying the price dearly from their own pockets.

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