Fuel supplies in Hungary secure, ministry says

Fuel supplies in Hungary are still secure, the ministry of technology and industry (TIM) said on Saturday.

Despite the shutdown of Austria’s Schwechat oil refinery, which has lasted longer than initially anticipated, there are no supply problems in Hungary, and domestic fuel production and reserves are sufficient to cater to domestic needs, the ministry said in a statement.

The government’s chief aim is to ensure the provision of affordable fuel at all times, and the cap on fuel at the pump introduced last November means that

Hungarians pay the lowest price for fuel in the whole of Europe,

the statement added.

Read also: Here is how much Hungarians could save due to the fuel price cap

According to press reports, industry insiders said the OMV refinery in Schwechat could not be restarted after a shutdown for regular maintenance, with potential supply issues: OMV’s forecourts in Hungary have had to close. Business daily Világgazdaság said Hungarian oil and gas company MOL would not be able to make up for the shortage.