Hungary's government has mandated the release of a further 575 million liters of motor fuel from strategic reserves in a decree issued in the latest issue of the official gazette Magyar Közlöny.
The decree, by the economy and energy minister, István Kapitány releases 150 million liters of petrol and 425 million liters of diesel.
According to the minister’s explanation, given the international situation affecting the fuel market, drawing on the strategic reserve can ensure an uninterrupted domestic fuel supply at government-regulated prices; therefore, it is necessary to release the reserve.
The reserves must be replaced by no later than June 30, 2027.
László Gépész, the head of the Association of Independent Petrol Stations (FBSZ), welcomed the measure and told MTI it provided a "lifeline". Without the release, independent petrol stations would have faced the "impossible situation" of selling motor fuel at cost, he added.
He pointed out that as long as this supply of fuel lasts, there is time to devise and implement a better operating system.
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