• Home
  • Channel: Business
  • MOL Refuses to Take Over 8 Filling Stations Shut Down Due to Fuel Price Cap in Hungary

MOL Refuses to Take Over 8 Filling Stations Shut Down Due to Fuel Price Cap in Hungary

  • 23 Mar 2022 7:00 AM
  • Hungary Around the Clock
MOL Refuses to Take Over 8 Filling Stations Shut Down Due to Fuel Price Cap in Hungary
MOL announced on Monday that it will not take over the operation of eight petrol stations that have shut down operations due to supply shortages and the retail price cap.

The energy company was appointed by the Ministry of Innovation and Technology to temporarily operate these stations, which were forced to close because they did not receive fuel from MOL as the wholesaler.

MOL said it would not take over the operation of the filling stations because there are other stations within a 20-kilometre radius.

In a statement, the company stressed that it stands ready to take over closed filling stations if the supply of fuel is not guaranteed in a region, even if that means additional costs to the company.

  • How does this content make you feel?

XpatLoop Media Partner

Hungary Around the Clock

Since 1995 Hungary Around the Clock has proven to be one of the most comprehensive sources of daily English-language news about Hungary. It covers ongoing domestic politics and foreign relations, as well as business and economic matters. For a free trial of HATC visit www.hatc.hu and click on 'Free Trial Subscription’.

Explore More Reports

  • Auto Fuel Sales Plunge on Phase-Out of Fuel Price in Hungary

    Auto Fuel Sales Plunge on Phase-Out of Fuel Price in Hungary

    • 21 Apr 2023 1:37 PM

    Auto fuel sales in Hungary slumped by 18.2% year-on-year to 896 million litres in the first quarter as motorists cut back on fuel purchases after the government phased-out price caps in December, the Hungarian Mineral Oil Association (MÁSZ) announced.

business CHANNEL SPONSOR

Share your story

We're interested in your stories, and photos, related to expat life in Hungary. Your contributions, and Press Releases, are invited for review before publication in the loop.