With fuel prices at filling stations expected to fall 10–15 forints below the capped level this week, the government decided at Wednesday’s cabinet meeting to propose amendments to the relevant legislation to Parliament and phase out the price cap, the prime minister said on Facebook.
Peter Magyar said the government would maintain the reduction in excise duty, while oil and gas company MOL would continue to apply reduced margins, the Hungarian news agency wrote.
The prime minister said the price cap mechanism had cost Hungarian taxpayers 50 billion forints a month.
“By the way, someone should ask the leaders of Fidesz and their recently laid-off propagandists where the 1,000-forint petrol price is that they used to scare people with before the elections,” Magyar said in the post.
The previous government capped the prices of petrol and diesel at 595 forints and 615 forints per litre, respectively.
Price tracking website holtankoljak.hu put average pump prices at 635 forints (EUR 1.80) per litre for petrol and 655 forints per litre for diesel on Wednesday.
Auchan has already announced that, from today, it will reduce fuel prices at its 19 filling stations to 20 forints below the cap. As a result, 95-octane petrol at Auchan pumps will cost HUF 575 per litre, while diesel will be priced at HUF 595 per litre.
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Friendly country for foreigners. I live here, pay taxes but have Polish car plates. So for me the petrol is 637 Ft.