Hungary became the centre of petrol tourism, price cap to stay?

Due to the more favourable fuel prices created because of the price cap, more and more people from Slovakia are refuelling in Hungary, writes Új Szó, a Hungarian-language daily newspaper in Slovakia. According to the article, fuel prices in Slovakia have risen dramatically recently.

Prices much cheaper in Hungary than in Slovakia

The average price of a litre of Diesel has been around €1.43 in recent days, compared to €1.53 for 95 petrol. However, this is only the average, so the price of 95 petrol at the stations of larger petrol station networks, for example, is 1.55 euros. In Hungary, on the other hand, the price cap for 95 petrol was set at HUF 480 per litre, which roughly corresponds to 1.36 euros, says 444.hu. Thus, refuelling in Hungary can save up to 15-20 euros.

• Read also: Fuel prices in Hungary among lowest in EU thanks to price cap

The price cap will stay until February 15, still unknown what comes after

With parliamentary elections taking place in Hungary in April this year, many say the government is likely to extend the petrol price cap, risking too much if it did not do so because prices would increase in Hungary right away. With the end of the price cap, the price of petrol in Hungary could reach 520, even around 530 forints (EUR 1.5).