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    Home»Financial News»Morocco Launches Aid Program for Transport Professionals
    Financial News

    Morocco Launches Aid Program for Transport Professionals

    By March 18, 20263 Mins Read
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    Rabat – The Moroccan government announced today an exceptional aid program for professionals working in the goods and passenger transport sector.

    The decision seeks to help professionals curb crises linked to the surge in global oil prices, which has severely impacted fuel prices in the country.

    The beneficiaries eligible for the aid include goods transport, private and public passenger transport, small taxis, large taxis, mixed transport, passenger transport coaches, as well as tourist transport professionals.

    The government said it would provide direct and exceptional aid dedicated to the concerned workers to contain the effects of rising fuel prices in the Moroccan market.

    The aid also supports Moroccans’ purchasing power to ensure the regular supply of markets as well as the continuity of logistical chains.

    The government concluded its statement by reassuring professionals in the targeted sector that they can register on the www.mouakaba.transport.gov.ma platform to submit their applications according to their categories.

    The platform is dedicated to the beneficiaries to track them, as was the case during a similar campaign that the government launched in March 2022.

    The move comes a few days after lawmakers announced a significant increase in fuel costs, effective this week on  Monday.

    Diesel costs saw an increase of MAD 2 per liter, while super unleaded gasoline registered an increase of MAD 1.44 per liter.

    The decision sparked frustration and concerns, with both transport professionals and ordinary citizens overcrowding gas stations on Sunday ahead of the price hike.

    The global market has been hit by the deepening repercussions of the widening and raging war between Iran, the US, and Israel.

    Diesel prices in the US topped $5 per gallon for the first time in over three years, CNBC reported today.

    The report attributed the sudden spike to the Middle East war, noting that the escalating regional conflict has triggered the largest oil supply disruption in history.

    At the time of writing, the price of diesel had registered a 34% increase compared with the cost of a gallon the day before the US and Israel attacked Iran.

    President Donald Trump said today that the rising oil and gas prices would be temporary.

    The prices are “gonna drop like a rock” once the war is over, he said, vowing that ships can move freely through the Strait of Hormuz “soon.”

    “It won’t be too long,” he insisted. Trump’s remarks come as Iran has continued to promise it will strike any ship that goes through the strait, a vital route for global oil transport.

     

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