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Al-Araby
Al-Araby
Soaring fuel prices in Morocco have placed billionaire petrol magnate Aziz Akhannouch — who is also prime minister — at the heart of a reignited debate about the conflict between business and politics. For the first time since the war in Ukraine led to a global jump in crude prices, Akhannouch last week had to try to explain to parliament the rise at the pump to a record $1.46 per litre of unleaded fuel. At that level, filling a car’s tank would eat into a substantial chunk of income when the minimum monthly wage is barely $280 in the North African nation. “Whatever the origin of soaring cr…