Morocco's outgoing government has announced that it will continue its direct and exceptional support for professionals in the freight and passenger transport sectors. This decision was made during a ministerial commission meeting chaired by outgoing Head of Government Aziz Akhannouch in Rabat. The commission is monitoring the impact of geopolitical tensions in the Middle East on the national economy. The support aims to maintain regular market supplies and keep public transport services operating at current fares.
The value of the direct support for transport professionals will be adjusted in line with the increase in hydrocarbon prices. This measure covers professionals transporting both goods and passengers. The decision aims to cushion the impact of rising international hydrocarbon prices on the domestic market. Morocco has been experiencing pressure on its fuel costs due to global price increases. The support program has been in place since March, with several rounds of aid introduced to help transport professionals.
The latest measure follows several rounds of government support introduced as global fuel prices rose. In March, Morocco launched an exceptional aid program for freight and passenger transport professionals. The program covered several categories, including freight transport, passenger transport, taxis, and tourist transport. The outgoing government also extended the support in September with a new 30-day tranche. The ministry stated that support would continue in line with international fuel prices.
Morocco currently has reserve stocks of butane gas and gasoil covering between 40 and 60 days. The outgoing government reported that supplies of agricultural products and basic goods to the national market were continuing under normal conditions. Despite geopolitical tensions and pressure on global energy supplies, the country's energy stocks are at a comfortable level. This will help ensure a stable supply of essential goods to the market.
Transport professionals can submit applications for the support according to their categories through the Mouakaba platform. They can also track their requests electronically. The government has put in place a system to ensure that support reaches the intended beneficiaries efficiently. This electronic platform will help streamline the application process and reduce delays.
The decision to extend support for transport professionals was made against a backdrop of significant developments in Moroccan politics. King Mohammed VI appointed Fatima Ezzahra El Mansouri as the new Head of Government, tasking her with forming a new government. The outgoing government continues to handle current affairs while El Mansouri works on forming the new government. This transition is taking place during a period of economic challenges due to rising global fuel prices.
The extension of fuel support for transport professionals is crucial to maintaining economic stability in Morocco. Rising global hydrocarbon prices could have led to increased transport costs, potentially affecting the prices of goods and services. By supporting transport professionals, the government aims to mitigate the impact of these price increases on the economy and citizens. The support program will continue to be adjusted according to changes in international fuel prices.
Key points
- Morocco will continue its direct support for professionals in the freight and passenger transport sectors.
- The value of the support will be adjusted in line with the increase in hydrocarbon prices.
- Morocco has reserve stocks of butane gas and gasoil covering between 40 and 60 days.
