First Independent Mena Newspaper
Morocco will maintain subsidies for cooking gas and continue providing financial support to transport operators as international energy prices rise sharply amid escalating geopolitical tensions in the Middle East. The decision was made by Prime Minister Aziz Akhannouch who chaired the first meeting of a ministerial committee tasked with monitoring the economic repercussions of the […]
Following targeted cash-handouts to needy households, Morocco has cut by 10 dirhams the subsidized price of a cooking gas cylinder, in a move that will alleviate the subsidies burden. The decision- that entered into force on May 20- marks the first subsidies cut in a gradual process that aims at breaking away with general subsidies. […]
Morocco’s spending on cooking gas, sugar and flour subsidies hit 10 billion dirhams ($1 bln) so far this year, compared with 3.8 billion dirhams the same period last year, official figures showed. This 170% increase is mainly due to the simultaneous post-covid recovery which created high demand on commodities, worsened by an offer shortage […]