Good news from Hungary’s roads: drastic fuel price fall, number of accidents decrease

Fuel prices are going to decrease drastically in Hungary from this Wednesday. Thankfully, the fall will affect both diesel and gasoline. Meanwhile, police said that the number of road accident fatalities fell.

Fuel prices decrease drastically now, but will they increase again?

According to portfolio.hu, a Hungarian economic news outlet, gasoline type 95 will cost HUF 610 (EUR 1.57) per litre, while diesel will cost HUF 660 (EUR 1.7) per litre. The decrease in the purchase prices reaches HUF 20, which will appear in the prices at fuel stations.

However, experts are not too optimistic concerning future changes. The start of the heating season and the expected Russian and Saudi production decrease of the crude type essential for diesel foretell higher prices.

Mfor.hu wrote that the Hungarian government could protect the consumers from the swings of the global oil and fuel market with a stronger forint and lower taxes. However, the forint has been weakening since this summer, and a tax reduction is unimaginable because of the high budget deficit. What is more, the tax will increase from next January, which will result in a fuel price rise.

Read also:

• September brings extremely expensive diesel prices to Hungary – Read more HERE
• Significantly higher fuel prices expected from next January – Click HERE for more

Concerning diesel prices, Hungary is on the European average, but if we compare the prices with the neighbouring countries, fuel is cheaper everywhere but in Austria. The same trend applies to gasoline. In the latter category, only Croatia, Austria and Slovakia precede Hungary.

Mfor.hu believes fuel prices will stabilise at the HUF 600 (gasoline) and HUF 650 (diesel) levels. Therefore, the government will not introduce the fuel price caps again.

Police: Road accident fatalities fall

The number of road accident fatalities in Hungary fell by close to 20% in January-September from the same period a year earlier, the national police headquarters (ORFK) said on Saturday on police.hu. A total of 10,674 accidents involving injury took place on Hungarian roads during the period, including 299 in which there were 324 fatalities. The main causes for the accidents were speeding (27%), failing to yield the right of way (26%) and illegal manoeuvres (15%).