Hungary will cap retail prices of motor fuel at HUF 595/liter for petrol and HUF 615/liter for diesel from midnight on Monday, Prime Minister Viktor Orbán has announced.
The price cap will apply to private individuals, farmers, hauliers and businesses with vehicles with Hungarian number plates and residency in Hungary, the PM said.
He was of the view that the government will protect Hungarian households, farmers and businesses from surging prices at the pump amid, as he said, the Ukrainian oil blockade and the conflict in the Middle East.
He added that motor fuel supply will be ensured with the release of national strategic reserves.
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