Supported byClarion Energy
HomeOilHungary, Orban extends...

Hungary, Orban extends fuel price cap until July

Hungarian Prime Minister Viktor Orbán announced that the upper limit for fuel prices will remain in force until July 1.

Prices are rising across Europe and the main reason is the war in Ukraine, the Hungarian prime minister said in a video on his Facebook profile, adding that the government will do everything to protect Hungarian families from rising prices, which limits the price of fuel and basic foodstuffs. .

The government first decided to set the maximum price of gasoline and diesel at 480 forints (1.3 euros) per liter in November last year due to rising inflation. Then, in February this year, the restriction was extended for an additional three months, until May. At the end of February, the government also limited the wholesale price of gasoline and diesel.

Source: ceenergynews.com

Supported byClarion Owners Engineers
Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Hungarian power prices surge as weak wind drives Southeast Europe higher

Hungarian electricity prices jumped nearly 12% for Tuesday delivery, driving a broader increase across Southeast Europe as a sharp decline in forecast wind generation and higher electricity demand increased the region’s reliance on imports, while German power prices moved...

Solar growth in Hungary leaves businesses exposed to imported power costs

Hungary’s rapid increase in solar generation has not eliminated reliance on imported electricity, according to economic research institute GKI. The institute said the outcome leaves companies exposed to higher power costs when domestic renewable output drops. The assessment points...

Hungary stockpiles 4.8 billion cubic metres for a 96-day winter gas buffer

Underground inventories ahead of the heating season Hungary has accumulated more than 4.8 billion cubic metres of natural gas in underground storage facilities, enough to cover approximately 96 days of total winter demand. The Ministry of Economy and Energy says...
Supported byVirtu Energy