Morocco will continue providing exceptional financial support to freight and passenger transport operators to offset rising fuel prices and help maintain public transport fares, the government announced Wednesday.
Head of Government Aziz Akhannouch chaired a meeting in Rabat, Morocco’s capital, of the ministerial committee monitoring the economic impact of geopolitical tensions in the Middle East. The committee reviewed international fuel price increases and their effects on the domestic market.
According to a statement from the head of government’s office, subsidy amounts will be adjusted to reflect rising fuel prices. The payments are intended to ease the additional costs facing transport operators.
The government said the measure aims to keep markets regularly supplied with goods and ensure public transport services continue at existing fares, without passing increases on to passengers.
The committee also reported that supplies of agricultural products and essential goods remain normal despite international pressure on energy supplies. Morocco has reserves of butane gas and diesel covering between 40 and 60 days, according to the statement.
The decision follows a September 18 announcement by the Transport and Logistics Ministry of an additional subsidy installment covering 30 days. Applications for that installment opened on September 24, as authorities continued efforts to limit the impact of higher fuel costs on transport and consumer prices.
Eligible freight and passenger transport operators can submit applications according to their professional category through the government’s online platform and track their requests electronically.
