The must-have newsletter about Hungary

Related Articles

ELIGIBILITY FOR CAPPED FUEL PRICE LIMITED

Hungary's government has decided to restrict the fuel price cap of 480 forints (EUR 1.19) per litre to privately-owned vehicles, farm machinery, tractors and taxis, at the recommendation of oil and gas company MOL, the prime minister's chief of staff said on Saturday.
 

Gergely Gulyás told a regular press briefing that MOL’s main refinery in Százhalombatta, near Budapest, which covers 100% of Hungary’s fuel needs and refines Russian crude, has had to be shut down for maintenance work. Hungary will now have to source its fuel supply from imports and by freeing up one quarter of the country’s strategic reserves, he said.
Whether a vehicle is eligible for the capped fuel price will be determined based on the barcode on its registration licence, he said. As hitherto, the market price applies in the case of vehicles of over 7.5 tonnes with Hungarian license plates and vehicles with foreign license plates, as well as fuel cans.
Gulyás noted the war in Ukraine and the related sanctions had buckled Europe’s energy supplies, with the price of crude and natural gas skyrocketing.
There are no guarantees, he added, that crude deliveries would be continuous in the autumn and winter, so releasing the entire strategic reserves was off-limits, and only as much as there is a “real chance” of replacing in the next six to nine months could be freed.