The Istiqlal Party has outlined the reasons behind its vote against the proposed law to cap fuel prices, arguing that such a measure could affect the sustainability of social support programs and the financing of Morocco’s social welfare initiatives.
In a statement, the party explained that it differentiates between capping profit margins within the fuel sector and imposing a direct ceiling on fuel prices. According to the party, fuel prices remain closely linked to fluctuations in international markets, making administrative price controls a complex issue.
The party stated that its approach focuses on monitoring profit margins, combating anti-competitive practices, and limiting excessive profits, while ensuring consumer protection and maintaining economic stability.
Regarding proposals to reintegrate fuel products into the compensation system, the party argued that previous experiences showed that broad subsidies tended to benefit higher-consuming groups more than vulnerable households targeted by current social protection programs.
It also stressed that directing public resources toward targeted social assistance is, in its view, a more efficient and equitable approach, allowing support to reach eligible beneficiaries while preserving funding for major social projects.
The party concluded by reaffirming its commitment to strengthening Morocco’s social state model and social protection programs, while advocating policies that balance purchasing power, economic stability, and sustainable public finances.