Minister of general affairs and governance, Mohamed Najib Boulif Rabat – Rachid Bougha Cash-strapped Morocco will raise prices of refined oil products from Saturday as the government seeks to reduce the growing burden of subsidies while facing persistent demands for more welfare spending.
The ministry in charge of general affairs and public governance said industrial fuel prices would be raised by 988 dirhams to 4,666 dirhams per tonne, a rise of 27 percent, according to a statement carried by the official media.
The price of unleaded fuel will increase by 2 dirhams per litres, or nearly 20 percent and those of gasoil will be increased by one dirham, or about 16 percent, it added.
The announcement marked the sharpest single increase in fuel prices in several years.
The ministry said the move had been motivated by \"the high cost of the subsidy and its likely impact on macro-economic balances\".
It said it would \"mobilise necessary financing for public investments that will boost growth in the national economy, pending a radical reform of the subsidy system to make it more advantageous to social groups in need\".
Meanwhile, a Moroccan legislative source announced that the opposition socialist union of popular forces summoned the minister of general affairs and governance, Mohamed Najib Boulif, to a summary hearing in order to question him about reasons behind the government\'s sudden decision.
Representatives of the Justice and Development party showed their embarrassment about the decision of the Moroccan prime minister, Abdulilah Benkirane and his inability to reform the status of poor and popular groups.
Morocco\'s trade unions announced June 10 as a date for demonstrations and protests calling it a \"Day of Rage\" in Casablanca, Morocco\'s largest city.