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Morocco's government has finalized a plan to cap fuel prices as it seeks to defuse anger over the cost of living that has already sparked street protests and a consumer boycott.The plan, which must still be approved by Prime Minister Saadeddine Othmani, allows the government to adjust fuel prices every 15 days. While Morocco's inflation rate is one of the lowest in the region, and the country has been spared much of the post-Arab Spring violence that gripped other nations, price increases are grazing a five-year high, unleashing social unrest that has worried the government. Shares in Total Maroc, the North African country's second largest fuel distributor, have fallen by almost 50 percent on the Casablanca stock exchange since May 9, when Daoudi announced that the government intended to cap fuel prices.
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