Vehicle Fuel Price Cap Scrapped in Hungary, With Immediate Effect

  • 7 Dec 2022 8:02 AM
  • Budapest Business Journal
Vehicle Fuel Price Cap Scrapped in Hungary, With Immediate Effect
The Hungarian government has decided to lift the fuel price freeze, Gergely Gulyás, Minister of the Prime Minister's Office, announced in Budapest late on Tuesday, according to news agency MTI.

Gulyás claimed that the entry into force of the sanctions had caused disruptions in Hungary's fuel supply in recent days, which could be felt by everyone around the country.

Oil and gas company MOL informed Hungary's Minister of Energy in a letter on Monday that it could not solve the country's fuel supply problem without imports, he added.

Zsolt Hernádi, Mol's chairman-CEO, said that a quarter of their filling stations had experienced a shortage in recent days.

Since MOL has been around, there have been no such incidents, he said.

News site HVG writes that Gulyás said the regulation will enter into force at 11 p.m. on Tuesday, i.e. immediately.

Talking about prices at MOL refueling stations, Hernádi said that diesel will cost HUF 699/liter and gasoline HUF 641/liter.

MTI Photo: Zoltán Balogh

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Budapest Business Journal

Hungary's largest and oldest source of business and financial news in English. Since 1992 it has presented essential information on Hungarian business life, including international analyses about the country. These days the BBJ newspaper is published every other week, while it releases daily business news online including premium paid content.