Competition Council: Synchronized fuel price reviews don't mean company collusion

The head of Morocco's Competition Council, Ahmed Rahou, clarified that the current system for reviewing fuel prices in the Kingdom does not imply collusion among companies. He emphasized that the mechanism is fundamentally structured to track global market price changes.

Rahou explained that there is a strong, structural dependency linking local fuel prices to their international counterparts. This relationship ensures that domestic prices consistently mirror global trends, rising and falling in tandem with international markets. He noted that any observed increases or decreases in local prices are a direct consequence of these global fluctuations.

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The mechanisms for reviewing fuel prices currently applied in the Kingdom are primarily and structurally based on tracking global market fluctuations.

The council's statement addresses concerns that synchronized price adjustments might suggest anti-competitive behavior. However, the council maintains that the observed patterns are a natural outcome of Morocco's integration into the global energy market, where international benchmarks heavily influence domestic pricing.

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There is a strong dependency that makes local prices keep pace with international prices, both upwards and downwards, continuously.