US Edition
Hungary to Cap Fuel Prices, PM Orban Says
14 Articles
14 Articles
The Hungarian government will limit the prices of gasoline and diesel at gas stations, starting at midnight local time, Prime Minister Viktor Orban said in Budapest.
Hungarian Prime Minister Viktor Orban announced months that fuel prices will be flammable, starting at midnight, to protect customers from rising oil prices due to the war in the Middle East.
There are very serious risks to Monday's government decision, which essentially introduced a 595 forint petrol price cap and a 615 forint oil price cap, said Eszter Bujdos, managing director of Holtankoljak.hu, in response to our question. The fuel market expert sees the biggest problem with the measure in the fact that importers are not interested in selling at a loss, which will be the case in Hungary with the new regulations. However, he adde…
Hungary Caps Fuel Prices Amid Crude Oil Surge
Hungary's government will limit fuel prices to protect private consumers and businesses as crude oil prices rise, releasing state reserves to ensure supply. Prime Minister Viktor Orban announced that petrol and diesel prices would be capped at specific forint rates, effective for vehicles registered in Hungary.
Coverage Details
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
