Oil under $100: Why are prices not yet falling in Morocco?

– byBladi.net · 2 min read
Oil under $100: Why are prices not yet falling in Morocco?

The announcement of a truce in the Middle East has caused global oil prices to fall below the $100 mark. In Morocco, consumers are hoping that this decline will finally relieve their purchasing power, heavily impacted by inflation.

This international easing must be reflected in the domestic market. Ali Chtour, president of the Moroccan Association for the Defense of Consumer Rights, states in Hespress that the drop in crude oil must now lead to a direct reduction in the costs of transporting and distributing food products. According to him, it is no longer acceptable for prices to rise instantly when costs increase, but to be slow to fall when production costs decrease.

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The consumer advocate calls on the government to strengthen controls to fight against monopoly and illicit speculation. He recommends the establishment of a transparent mechanism linking transport rates to fuel price fluctuations. This "price justice" is considered essential to protect the middle classes and the most vulnerable households, whose daily lives have been disrupted by the high cost of meat and vegetables.

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For his part, Houssine El Yamani, from the National Front for the Rescue of Samir, points to the limits of the current legislation. He deplores that the domestic market does not react with the same responsiveness as the global markets, denouncing the maneuvers of the distributors to delay the declines. For this expert, the failure of the price liberalization system requires an urgent revision of the law in order to better secure stocks and protect the country in times of crisis.