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Petrol Prices in Hungary Now Under Average Level in Neighbouring Countries

• 3 Aug 2024 10:32 AM
• Hungary Matters

Prices at the pump in Hungary were under the average in neighbouring countries in the month of July thanks to the steps taken by the government, the national economy ministry said on Friday, citing data compiled from the EU Weekly Oil Bulletin by the Central Statistical Office.

The price of petrol in Hungary averaged 612 forints (EUR 1.55) per litre during the month, 8 forints under the average in neighbouring countries, the ministry said in a statement.

The price of diesel stood at 621 forints per litre, 3 forints lower than the average in neighbouring countries.

Hungary’s government earlier said it would intervene if motor fuel prices exceeded the average in neighbouring countries.

The ministry said it was now tracking monthly, rather than weekly, fuel price levels, in line with a recommendation by the Hungarian Petroleum Association (MÁSZ) and the Independent Petrol Stations Association.

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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.

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