Government Phases Out Fuel Price Cap Due to Price Fall
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14 Articles
Hungarian Government Moves to End Fuel Price Cap as Market Prices Fall
The Hungarian government has decided to initiate legislation to phase out the country’s protected fuel price scheme after market fuel prices fell below the regulated threshold, Prime Minister Péter Magyar announced on Wednesday. In a social media post, the prime minister said fuel prices at filling stations are expected to fall 10 to 15 forints below the protected price level this week, prompting the government to seek amendments to the relevant…
Government to scrap fuel price cap, Fidesz calls move a mistake
As fuel prices at filling stations are expected to fall 10–15 forints below the protected price level later this week, the government decided at its Wednesday meeting to initiate amendments to the relevant legislation in Parliament and phase out the protected fuel price system, Prime Minister Péter Magyar wrote in a Facebook post on Wednesday.
Government phases out fuel price cap due to price fall
With fuel prices at filling stations expected to fall 10–15 forints below the capped level this week, the government decided at Wednesday’s cabinet meeting to propose amendments to the relevant legislation to Parliament and phase out the price cap, the prime minister said on Facebook.Continue reading
Hungarian government to phase out fuel price cap, PM Magyar says
They believe that the protected price has become unnecessary due to the decline in prices.
The government is initiating the elimination of the official fuel price, announced István Kapitány, Minister of Economy and Energy. The step was made possible by the strengthening of the forint and falling oil prices, thanks to which it is now possible to refuel at most domestic wells below the previously fixed price level.
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