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

Hungary granted temporary EU delay on Serbia gas capacity bundling rules

Hungary has received temporary approval from the European Commission to postpone full implementation of EU gas-capacity rules at its border with Serbia until the 2027/2028 gas year. The derogation relates to requirements that cross-border pipeline capacity be offered as...

MVM begins foundations for 1 GW combined-cycle plant at Tiszaujvaros

Hungarian state-owned utility MVM has started foundation work on a new 1,000 MW combined-cycle gas-fired power plant at the former Tisza II site in Tiszaujvaros. The project is part of Hungary’s broader shift in generation needs as variable renewables...

Hungary and Italy defy European power price decline as regional gap widens

Hungarian and Italian wholesale electricity prices increased in the week ending 20 September, despite weaker electricity demand across Southeast Europe and significant price declines in several Western European markets. Italy recorded the highest weekly day-ahead average among the markets covered,...
Supported byVirtu Energy