Fuel prices in Hungary: Retailers asked to align prices with regional average

The government has called on fuel retailers to align fuel prices in Hungary “voluntarily” with the regional average, the national economy minister said on Wednesday.

Márton Nagy said after a government session that the prices of 95 petrol and diesel, especially, had to return to the regional average.

Fuel prices in Hungary high

While prices have fallen some, the prices expected to come into effect on Friday are still higher than that by 10 and 27 forints per litre for diesel and petrol, respectively, he said.

The government has given retailers 2 weeks to comply before the cabinet examines the prices again “and will undertake stringent measures” if prices remain above the regional average, he said.

“The real solution would be peace”, Nagy said, adding that the government will continue to work to curb war-time prices.