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Daily News Hungary Daily News Hungary · 04/12/2022
· Politics

Hungary received exemption from using oil price cap

economy energy Hungary
MOL Hungary pipeline oil refinery

MOL's refinery in Százhalombatta. Photo: FB/MOL

Hungary has received exemption from the use of the oil price cap, Foreign Minister Péter Szijjártó said on Facebook on Saturday.

The European Union will introduce a price cap on oil, yet it would be high time for Brussels to realise that such measures hurt Europe’s economy the most, he said. Szijjártó said that increasing energy volumes would be required in order to reduce prices.

“During the talks about the oil price cap, we were fighting hard for Hungarian interests and we succeeded in the end. Hungary has received exemption from the use of the oil price cap,” he added. As a result, the security of Hungary’s energy supplies has been again successfully protected, he said.

fuel Gas station petrol
Read alsoFuel will become 25-30 percent more expensive for a lot of people in Hungary from January 2023

Source: MTI

economy energy Hungary
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1 Comment

  1. Norbert says:
    05/12/2022 at 11:06

    Ah… Brussels! Stupid EU countries – they cannot see we are right, and they are all getting it terribly wrong! They should all listen to Mr. Szijjártó because he always has a clear view on the common good (always “fighting for Hungary!”).

    Shame we don’t appear to have a working refinery at the moment.

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