Hungary Caps Petrol, Diesel Price For Wholesalers

  • 1 Mar 2022 7:33 AM
  • Hungary Matters
Hungary Caps Petrol, Diesel Price For Wholesalers
The government is capping wholesale price of petrol and diesel at 480 forints (EUR 1.3) a litre from Monday, which will contribute to the more competitive operation of retail gas stations, the ministry of innovation and technology said on Monday.

The cap on retail petrol and diesel prices was introduced in November, and has been extended until May 15. The government introduced the measure to cushion the impact of high inflation.

The cap on wholesale prices for petrol and diesel at 480/litre forints, level with the limit on retail prices, is to prevent businesses from having to sell under cost, the ministry said.

A government decree on the measure was published in the latest issue of the official legislative gazette.

The decree published Monday also lowers the excise tax on petrol to 115,000 forints from 120,000 per 1,000 litres and the excise tax on diesel to 105,350 from 110,350 per 1,000 litres.
 

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Matters

Launched in January 2014, this newsletter published on week days covers 'everything you need to know about what’s going on in Hungary and beyond', according to its publisher the state media agency MTI.

Explore More Reports

  • Lorry Ban Eases Fuel Supply Problems in Hungary

    Lorry Ban Eases Fuel Supply Problems in Hungary

    • 16 Mar 2022 8:27 AM

    About 150-200 petrol stations were forced to suspend sales by Sunday because they ran out of supplies, typically, smaller rural pump stations, CEO Eszter Bujdos of website holtankoljak.hu told RTL Klub.