Morocco’s competition council said it will look again into the dysfunctions marring the fuel distribution market which has spilled so much ink due to its oligopolistic nature and claims on price fixing. The council said it will re-examine the issue following the approval of a law that fosters its mandate to ensure free competition regulations are upheld. In October last year, the council had issued a report pointing to discrepancies with regard to free competition in the fuel distribution market which is dominated by 3 companies controlling 60% of the market. The council recommended an updated legislative framework conducive to free competition while ensuring the strategic interest of Morocco and its energy security. It also urged the government to take action to facilitate access to the fuel market whether in terms of imports, storage, or distribution.

Source: The North Africa Journal June 03, 2023 11:32 UTC