Lorry Ban Eases Fuel Supply Problems in Hungary
- 16 Mar 2022 8:27 AM
- Hungary Around the Clock
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.
Only one in five service operators had not experienced any supply disruptions or introduced any restrictions, she added.
The government announced measures on March 10 to ease supply problems after reports of shortages and long lines at pump stations ahead of the four-day weekend.
MOL chairman and CEO Zsolt Hernádi said MOL’s refinery in Százhalombatta was operating at full capacity, and the company was receiving a continuous supply of Russian crude oil through the Friendship pipeline.
Supply shortages emerged after wholesalers reduced delivery of fuel as the gap widened between the market price and wholesale price, also capped at Ft 480 per litre.
MOL reportedly controls 70% of the wholesale market and is losing billions of forints daily because of the price freeze, but losses are offset by the high oil prices and widening refining margins.
MTI Photo: Zsolt Szigetváry
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