Russian gas prices continue to rise for Hungary
Hungary has already had a rather unfavourable deal with Russia back in August when it purchased gas at a price 12 percent higher than the benchmark exchange price two months earlier. However, this fact contradicts an earlier statement issued by Minister of Economic Development Márton Nagy.
Ever-increasing gas prices
Contrary to the earlier statement of the Minister of Economic Development, Márton Nagy, the Russian gas price did not follow the stock market price of one month but two months earlier. Népszava found this out on the basis of the updated foreign trade database of the Central Statistical Office. The two arcs almost coincide with a delay of at least two months.
The small difference is not so minor. Since January, Vladimir Putin has been charging Hungary more and more for fuel, even by stock market standards.
In February, Márton Nagy said that Hungary purchased its fuel at a fifth of the world market price. However, in reality, we were charged 30 percent more than its stock market value. The Orbán government refuses to reveal the official price, but the KSH data gave an accurate estimate.
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Concerning contradiction
The Hungarian government has claimed that the Hungarian-Russian gas contract signed in October 2021 would provide the gas needed to maintain the cuts. After the elections, Prime Minister Viktor Orbán admitted that the price followed the stock market. At the time, Orbán said that it was not the price but the availability of fuel that was important.
The government officials declined to disclose the data supporting their allegations, citing the confidentiality of the contract. The two-month delay means Hungary will have to pay horrendously high gas bills between September and December, 24.hu reports.
By August, the average exchange price per thousand cubic metres was EUR 2,305, far exceeding all previous levels. Therefore, during the storage period in October, Hungary was transferring hundreds of millions of euros to Moscow.
According to Népszava, this is the reason for extra profit taxes, the August residential gas tax hike and the payment rescheduling agreement between the Hungarian-Russian state gas trader in early October.
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Source: 24.hu, Népszava
3 Comments
It’s all bullshit, like everything else the government tells us.
The price gap between the market value and what is actually paid to Russia is the “commission” some politicians are pocketing (you know who they are).
Same thing with the Covid vaccines. They paid China double the price of the Pfizer vaccine and a lot of people died from that Chinese vaccine which was useless against Covid, it was basically just poison and one dose of it costs like 2 of Pfizer .
Also, at the beginning of the pandemic the Foreign Minister flew to China and bought thousands of ventilators through a secret company which was basically a “middleman” and when those ventilators arrived most of them didn’t work, some of them worked but would suddenly stop or wasn’t working consistently. At the bottom line, none of them was reliable, all junk and none of them was used.
Again those politicians are just robbing the country and they say they don’t know why the EU refuses to give Hungary any money. They know why!!!!
Commentators in FACTS they raise in their commentary’s – AGAIN add’s fuel to the what will be likened to 79 AD – the Cataclysmic Explosion of Mount Vesuvius.
REMEMBER – in April 2022 the Citizens of Hungary, thought the Orban Government – the FUTURE of Hungary was BEST served, in the reappointing of the Fidesz Party, under the leadership of Victor Orban, the current “Embattled” rightfully or is it “under seige” Prime Minister of Hungary, back into office, to Govern them.
Hungarians – MADE that DECISION.
WHAT has transpired since April 20022 – BEEN exposed of the FUNCTIONALITY of this Orban Government – Appalling.
Hungarians – continue to just PASSIVELY take it “in their stride” – watching our country absolutely disintegrate disappear and “implode” collapse around us, under the “dictatorial” leadership direction, this Prime Minister and his Party – Victor Orban led us.
Pompei – 79 AD – read HISTORY as it NEVER Lies.
The citizens of Pompei like the CITIZENS of Hungary – had been GIVEN severe warnings over time, that Mount Vesuvius – was going to EXPLODE.
The citizens of the Italian region Pompei it’s located continually IGNORED -DISMISSED – that Mount Vesuvius was going to BLOW erupt.
History never Lies.
Hungarians – are we behaving like the Pompeiians back in 79 AD?
Answer – YES, which will be Cataclysmic, that could IMPACT in its climax, that witnesses Hungary in a perilous state of existence.