Finance Minister discusses fuel price drops and new taxes for high-profit companies

Fouzi Lekjaa, the Minister of Economy, Finance and Public Efficiency, addressed the House of Representatives on Saturday, November 14, 2026. During a voting session regarding the first part of the 2027 Finance Bill, the minister discussed upcoming changes to fuel prices and proposed tax adjustments for large corporations. The statements come as the government seeks to manage economic pressures and protect consumer purchasing power.

Fuel price trends and consumer protection

According to Fouzi Lekjaa, fuel prices in Morocco are expected to decrease starting November 16, 2026. This anticipated reduction is a result of declining prices in the international market. While the specific amount of the expected reduction has not been specified, the minister noted that fuel prices are determined by a combination of international market prices, taxes, fees, profit margins, and costs.

To further protect the purchasing power of citizens, the Moroccan government is studying the possibility of capping the profit margins of fuel companies. Fouzi Lekjaa stated that fuel prices should drop starting November 16 due to international trends and mentioned that the government is considering capping profit margins for fuel companies.

Proposed tax changes for high-profit companies

The parliamentary debates also covered significant changes to the corporate tax structure. A proposed tax increase targets companies with profits exceeding 100 million dirhams. For companies operating in sectors with low competition or quasi-monopolies, the proposed tax rate could reach 40%.

Fouzi Lekjaa clarified that corporate tax increases are not directly linked to fuel retail prices. However, the minister did question the relationship between bank taxes and loan interest rates, according to one report. The government intends to continue these discussions during an upcoming meeting of the parliamentary majority to finalize the fiscal framework.

Next steps for the government

The government plans to discuss the fuel price file further during an upcoming meeting of the parliamentary majority. This meeting will likely address how to implement the proposed measures regarding both fuel margins and the new tax rates for high-profit entities. The expected fuel price reduction is anticipated to occur during the second half of November.

Glossary

• House of Representatives — The House of Representatives is a body to which the government is politically responsible. It has the authority to refuse a vote of confidence or bring down the government through a motion of censure.
• Finance Bill — A finance bill is a legislative measure that proposes fiscal and budgetary allocations. It can include provisions for funding various sectors such as health and education.
• dirhams — The dirham is a unit of currency used in the country. It is used to measure values such as trade deficits, imports, exports, and tourism revenues.