Fuel prices in Hungary finally down to regional average, says economy minister
Márton Nagy, the national economy minister, said motor fuel price reductions announced on Wednesday would bring Hungarian prices at the pump down to the average of neighbouring countries.
Speaking to journalists after a cabinet meeting, Nagy said motor fuel companies had adjusted prices at the request of the government in recent weeks. He affirmed that the government had decided to use the average price of vehicle fuel prices in neighbouring countries, rather than for the whole region, as a benchmark for comparison.
Fuel prices decreased in Hungary
From Friday, local petrol prices will fall to around 616 forints per litre, down 34 forints from the April peak, while diesel prices will drop to about 607 forints per litre, down 54 forints from a high in February.
Nagy noted the government’s call for local motor fuel companies two weeks ago to either bring prices at the pump down to the regional average or face government intervention.
He said the government expected motor fuel companies to continue to keep prices level with the average in neighbouring countries in future, too. The government will review the situation every two weeks, he added.
He acknowledged the companies’ cooperation and voluntary compliance with the government’s request, adding that they could squeeze the reduction into their profit margins.
Read also:
please make a donation here
Hot news
What happened today in Hungary? – 19 May, 2024
From parking lot to community space: City Hall pop-up park opens its gates in Budapest – PHOTOS
Orbán’s foreign ministry accuses US President Biden with prolonging the war
Spanish chef with 3 Michelin stars opened restaurant in Budapest – PHOTOS
PM Orbán: Patriotic fighters needed in Europe
Shocking: Hungarian top university may close due to serious financial problems?