Hungarian Parliament passed legislative amendments on Tuesday to scrap motor fuel price caps. The amendments to the acts on the establishment of prices and the security stockpiling of imported crude oil and petroleum products were passed with 130 votes in favor, 36 votes against and five abstentions. Minister of Economy and Energy István Kapitány, the […]
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 […]
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 […]
