The proposal would introduce temporary price controls on retail fuel prices to mitigate the impact of soaring global oil prices and armed conflicts on Hungarian families and businesses, according to the bill on Parliament's website.

Under the plan, only fuel sold directly into the tanks of Hungarian-registered vehicles would qualify for the regulated price, with limited exceptions.

Small petrol stations would receive 20 forints per litre in subsidies for 80 percent of fuel sold during the price cap period to offset losses.

The bill would also support agriculture, where diesel use has surged due to drought-related extra soil work and irrigation.

Prime Minister Peter Magyar said in Parliament on Monday said the government would decide on "targeted" support for drivers of diesel vehicles at a cabinet meeting on Wednesday.

He said the government aimed to support motorists with vehicles under a certain power threshold, "who use their cars to get to work or bring their kids to school", not owners of "50-100 million forint Land Rovers". He added that the support would also apply to diesel farm vehicles.

With diesel in short supply across Europe, he warned that reintroducing motor fuel price caps would cause local stocks of diesel to run out "within a week".

Source: MTI – Hungary’s national news agency since 1881.

MTI photo 

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