Oil Company Reps Summoned Over High Fuel Prices in Hungary

  • 12 Apr 2024 6:12 AM
  • Hungary Matters
Oil Company Reps Summoned Over High Fuel Prices in Hungary
Márton Nagy, the national economy minister, has summoned representatives of the Hungarian Mineral Oil Association (MASZ) to warn them about high fuel prices on the domestic market.

At the meeting, the minister noted that fuel prices in Hungary were above the European Union average, with petrol costing 644 forints (EUR 1.65) a litre and diesel 658 forints, both 7-9 percentage points higher than the regional average.

Referring to an earlier agreement with the sector stipulating that Hungarian prices should be mid-field in the region, the minister said the government had a similar “firm expectation” this time round.

Nagy said the Central Statistical Office will soon launch a public monitoring system to observe regional differences, and this would serve “as a point of reference” to ensure conformity with the government’s expectations.

Also commenting on fuel prices, Mihály Varga, the finance minister, told a government press briefing: “Instead of discussing taxes, production costs must be reduced in order to further reduce prices.”

He also said that efforts were being made to help growth from the side of energy costs.

MTI Photo: Zoltán Balogh

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