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The Gap between Petrol and Diesel Prices Is Widening

Hungary Today 2024.11.05.

Wholesale petrol prices are falling, while diesel prices are rising. This means that the average price of petrol could fall below HUF 600 (EUR 1.47 / EUR 1= HUF 409.11), while the average price of diesel could rise to HUF 610, writes Világgazdaság, on the basis of the latest data published by holtankoljak.hu.

On Tuesday, domestic fuel prices went in the opposite directions. The wholesale price of petrol fell by HUF 4 gross, while the purchase price of diesel rose by HUF 2 gross.

The average retail prices at the pumps on Monday were as follows:

  • 95 octane petrol: HUF 602 per liter
  • diesel: HUF 608 per liter

As reported by Hungary Today, both petrol and diesel prices in Hungary started to fall spectacularly in August, and in September they were below the “psychological threshold” of HUF 600. In October, however, the escalation of the conflict in the Middle East pushed prices up again. According to data from the Hungarian Central Statistical Office (KSH), at the end of October, the average price of petrol was HUF 11 higher than in the region, while diesel was HUF 15 more expensive.

The current change means that the average price of petrol could fall below HUF 600, while the average price of diesel could rise to HUF 610.

In other words, the gap between the average prices of the two products is widening. It should be noted, however, that average prices mean that there may be a difference of a few forints between individual gas stations.

Fuel Prices Set to Rise under EU Efficiency Mandate
Fuel Prices Set to Rise under EU Efficiency Mandate

The tax should help achieve the EU's target of reducing energy consumption by 32.4% by 2030, compared to 2018.Continue reading

Via Világgazdaság, Featured image: Pexels


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