Fuel and food price caps: what does the future hold?
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The government will make a decision on the price caps shortly, and it will change many things for shops and petrol stations. Part of the price caps will expire on 1 October but they can be renegotiated at the next government meeting, writes Index.
There is a chance that the cabinet will meet this Saturday but they might only discuss the topic next week. The government can choose between extending or abolishing the price cap. But a third choice, the middle road is the most likely.
“The probability of the two extreme cases is lower, so we can imagine some kind of intermediate solution. For example, a litre of fuel will cost 500 HUF (1.23 EUR) or 550 HUF (1.36 EUR) instead of 480 HUF (1.18 EUR).” – told Gábor Regős to VilágGazdaság.
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The professional leader of the Makronóm Institute said that in the case of foodstuff, this solution would be difficult to carry out, even if they set the maximum price a few percent higher.
