Total consumption was 3,916 million liters last year.Continue reading
There is almost no week that does not see fuel prices going up at Hungarian petrol stations. The price of crude oil per barrel and the dollar exchange rate are also contributing to the rise in fuel prices from Wednesday. The price of a liter of petrol at the pump will be higher again, while the average price of diesel will remain unchanged.
As Index previously reported, motorists may see fuel prices rise at domestic petrol stations this week due to the rise in oil prices and the unfavorable evolution of the forint-dollar exchange rate. The prediction seems to be coming true, as according to the latest announcement from the fuel price monitoring blog holtankoljak.hu, the price of petrol will rise by HUF 7 (1 EUR = 396 HUF) gross on Wednesday, which is expected to affect prices at petrol stations as well as wholesale prices. The price of diesel will remain unchanged in the middle of the week.
Translated into numbers, the increase means that
Of course, motorists will see different prices at different pumps, as these are average prices, thus actual retail prices are typically HUF 4-5 lower. On motorways, however, fuel is about HUF 50 more expensive per liter.
Last week, Hungary Today reported that the average price of petrol fell by HUF 3 gross, while the average price of diesel fell by HUF 10 gross per liter. In addition, it was also revealed at the end of February that the Hungarian Petroleum Association is working on the development of a fuel price information system, expected to provide price information. Determining an average retail price for the market is a very complex task, as pricing is an owner’s decision and can change on a daily basis, the association stressed. Correct information and the most accurate data available is essential in demonstrating and confirming that the association is committed to maintaining a domestic fuel price level that ensures a mid-range position in the region, despite the extremely hectic and unpredictable global oil market in international comparisons.
A comparison of prices with Hungary’s neighbors shows a mixed picture. Prices are higher in Austria (petrol: EUR 1.594; diesel: EUR 1.71), Serbia (EUR 1.579; EUR 1.758), and Slovakia (EUR 1.622; EUR 1.641). They are lower in Romania (EUR 1.438; EUR 1.528), Slovenia (EUR 1.491; EUR 1.523), and Ukraine (EUR 1.299; EUR 1.304). In Croatia (EUR 1.51; EUR 1.642), motorists can get cheaper 95 petrol but more expensive diesel.
Via Index; Featured image via Pixabay