Is fuel more expensive in Hungary than the EU average?

Over the past one and a half years, fuel prices have increased by 200 forints (€ 0,56) in Hungary, which is quite significant.

After the coronavirus pandemic hit the world’s economy, fuel prices have started dropping, and by around April and May back in 2020, fuel prices have decreased under 300 forints (€ 0,83) for petrol and an average of 278 forints (€ 0,77) for diesel.

But since then, the economy around the globe started to stabilise, and by October 2021, the same fuel prices have increased in Hungary to an average price of over 500 forints (€ 1.39), Hvg says.

From today, the Euro-Super 95 petrol costs 501 forints (€ 1.39) per litre, while the price of diesel is 512 (€ 1.42). People start to wonder, is that only happening in Hungary?

According to Hvg’s research and the latest data of Eurostat as of the making of this article, it is not.

It is quite the contrary. It seems like the Hungarian prices with around € 1.39 are on the cheaper side of the European Union. Petrol prices in Hungary are the 7^th cheapest while diesel prices are more in the middle with 14^th cheapest from the 27 countries of the European Union.

As you can see, there are shockingly large differences in the prices in some countries. The most expensive in the Netherlands is almost twice as much as the cheapest, the Bulgarian price.

On average, Scandinavian countries have one of the highest fuel prices, but the Central European region fares well.

Concerning diesel prices, it is very similar. Interestingly, the Bulgarian price is identical to petrol, but it still cost almost half than the most expensive country, Sweden.

The Hungarian price in this regard, although not that bad, is, unfortunately, middle-ranking.