According to the ministry, the Hungarian fuel prices are favourable

Petrol prices at the pump in Hungary were under the average in neighbouring countries in the month of August, data compiled from the EU Weekly Oil Bulletin by the Central Statistics Office (KSH) and published on Friday show, the National Economy Ministry said in a statement.

The price of petrol in Hungary averaged 605/litre during the month, HUF 7 under the average in neighbouring countries. The price of diesel stood at HUF 611/litre, level with the average in neighbouring countries.

The price of petrol was lower in August compared to July by HUF 7/litre and diesel prices fell HUF 10/litre. Hungary’s government earlier said it would intervene if motor fuel prices exceeded the average in neighbouring countries.

The National Economy Ministry reiterated it was now tracking monthly, rather than weekly, fuel price levels, in line with a recommendation by the Hungarian Petroleum Association (MASZ) and the Independent Petrol Stations Association.

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