Rabat, Morocco (TMT)- The head of the National Union for the Petroleum and Gas Industry in Morocco, Hussein Al-Yamani, has raised concerns about the possibility of gas suppliers colluding in setting prices.
The concerns come after the introduction of Russian gas into the market, with Al-Yamani accusing suppliers of intentionally keeping prices of Russian gas high to make more profit.
Al-Yamani has called on the government to take action to address the high prices of fuel, stressing that the head of the government, Akhannouch, “is required to protect the interests of Morocco and Moroccans and to tackle the impact of high fuel prices on inflation and the shattering of the purchasing power of citizens.”
He went on further to say that the aforementioned should be done “by reviving petroleum refining at the Mohammedia refinery and withdrawing petroleum products from the list of deregulated materials.”
The Moroccan Times.