Hungary to Give Targeted Subsidy to Owners of Diesel-Powered Cars
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16 Articles
The government of Hungarian Prime Minister Péter Magyar (Tisza) has decided that owners of diesel cars with a maximum output of 150 horsepower will receive targeted financial compensation of 5,000 forints (334 crowns) every month until the end of the year. The price of a liter of diesel at Hungarian gas stations is currently around 700 forints (46.7 crowns).
Hungary Gives Targeted Payments to Offset Soaring Fuel Costs
Hungary to give targeted subsidy to owners of diesel-powered cars
The support also applies to primary producers, individual entrepreneurs and farmers.
Agricultural operators "can reclaim the full amount of excise tax built into the price of diesel by the end of this year."
Private owners of diesel cars with a maximum power of 150 horsepower will receive a monthly subsidy of 5,000 forints, totaling 20,000 forints by the end of the year, announced Péter Magyar. The first payment of the measure affecting nearly one million people will arrive in October, and the majority of those eligible will not need to submit an application. The government also promises help to agricultural users: they can claim back the full amoun…
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