Hungarian independent fuel stations get money from the government before Christmas
The transfer of the last motor fuel price cap relief for independent petrol station operators has started, the economic development minister said on Friday. Payment to 467 businesses of the 6.24 billion forints (EUR 15.6m) in relief, for the period July-September, has begun, Marton Nagy said in a statement.
The government launched the HUF 20/litre relief in March to ensure the independent petrol stations’ uninterrupted operation as they faced supply challenges while the HUF 480/litre price cap was in place. Altogether 17.15 billion forints in relief was awarded to 554 businesses in the course of the seven-month scheme, ensuring 934 petrol stations continued to operate. The government scrapped the motor fuel price cap in early December.
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Source: MTI
1 Comment
So our Politicians force everyone to sell under the market price (“for the Hungarian People!”), then it turns out they just pushed the financing of this to the independent petrol station operators. Class act.