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Morocco's competition regulator fines fuel companies $180m
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The council said it had reached an agreement with the petrol and diesel companies and their professional groups to pay the fine collectively.
In October 2022, the council had issued a report on dysfunctions in the country's diesel and petrol market, where three companies have 60% market share.
It raised issues relating to price fixing, higher prices compared to international markets and non-compliance with legal provisions relating to storage.
In 2018, the largest fuel distribution company Afriquia, part of a AKWA group, owned by Moroccan Prime Minister Aziz Akhannouch, was hit by a boycott by consumers who claimed it was charging too high prices.
Morocco has been importing all its refined energy products after its sole refiner went into liquidation in 2015.
Source: Reuters
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Go to: https://www.reuters.com/About Ahmed Eljechtimi
Reporting by Ahmed Eljechtimi; editing by Alexandra Hudson and Susan Fenton![](/res/img/s.gif)