Surprising: are Hungarian fuel prices really competitive in the region?
Hungarian motorists paid lower fuel prices in January than in neighbouring countries, the National Economy Ministry said on Friday.
The price of petrol in Hungary averaged HUF 635/litre during the month, HUF 3 under the average in neighbouring countries, the ministry said, citing data compiled from the EU weekly Oil Bulletin by the Central Statistics Office (KSH).
The average price of diesel was HUF 653/litre, HUF 2 under the average in neighbouring countries. Hungary’s government earlier said it would intervene if motor fuel prices exceeded the average in neighbouring countries.
Ottó Grád, the Secretary General of Hungarian Petroleum Association, told economx.hu that there might be swings in the fuel prices, but significant changes are not expected in the long run.
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