From Friday, the market price of fuel in Hungary will continue to fall, with 95 octane petrol costing 7 forints less gross, and diesel 15 forints less gross, Holtankoljak.hu, a Hungarian refuel website reported.
As a result of the cuts, 95 octane petrol will cost 649.9 forints (EUR 1.65) per liter, and diesel 773.9 forints (EUR 1.95). Meanwhile, the fuel price cap introduced by the Hungarian government months ago is still in place, allowing most of the population to fill up at the fixed price of HUF 480 (EUR 1.20).
This is not the first drop in prices this week: 95 octane petrol became 30 forints cheaper gross on Wednesday and diesel 35 forints cheaper gross.
However, according to Eszter Bujdos, managing director of holtankoljak.hu, there is still a shortage of fuel at domestic petrol stations and the situation is unlikely to improve before November.
Meanwhile, MOL, a Hungarian multinational oil and gas company, announced on Thursday that the Danube Refinery, which was shut down for maintenance at the end of July, will restart operations on September 18. This could bring big relief to the current strained fuel supply situation, Világgazdaság, a Hungarian economic site, reported.
Featured photo: MTI/Komka Péter