The newly elected Prime Minister of Hungary, Peter Magyar, has indicated that the country’s fuel price controls will persist even as a new government takes shape. This decision is expected to uphold the current limits on petrol and diesel prices, which Magyar asserts will not impose additional burdens on public finances, thereby ensuring continuity in energy policy during a time of political change.
This commitment follows a series of discussions involving key stakeholders, including Zsolt Hernadi and executives from MOL Group, alongside representatives from the Tisza Party. The outcomes of these meetings have provided assurances regarding the stability of fuel supply throughout Hungary, particularly as global energy markets continue to experience volatility.
In addition to maintaining fuel price caps, Magyar has urged outgoing Prime Minister Viktor Orban to extend the current reduction in fuel-related income taxes. This measure is set to expire at the end of April, and Magyar’s proposal aims to extend it for an additional month. The intent behind this extension is to foster price stability and protect consumers during the upcoming transition period.
