Headquartered in Budapest, Mol Group’s net sales were 2,491 billion forints in the second quarter.Continue reading
Lukoil limited the amount of fuel, as a result of which Hungarians can only refuel 20 liters on low-pressure wells and a maximum of 150 liters on high pressure ones at a time. Meanwhile, Hungarians can only fill up once a day at MOL petrol stations.
Világgazdaság, a Hungarian economic website, asked Normbenz Magyarország Kft, the owner and operator of Lukoil stations, whether the recent changes on the price cap on refueling made any significant changes in their situation. The Hungarian government announced at the end of July that from then on, the HUF 480 price for fuel only applies to private vehicles, taxis, and agricultural machineries. As it turned out, Lukoil was not severely affected by the measure because its customer base is composed of mostly private individuals.
Meanwhile, Hungarians are only eligible to refuel once a day at MOL petrol stations. As 24.hu reported, readers signalled that they could only refuel with the capped price once a day. Eszter Bujdos, executive director of holtankoljak.hu, a refueling website, said that according to her knowledge, Hungarians can only fill up once a day with the decreased price, regardless of the amount. MOL later wrote to RTL Híradó saying that people can only refuel once per day at their stations regardless of the price cap – so even those who pay the full price can only fill up their car once a day.
The need behind this limit was that while the amount has already been limited for some time now by 50 litres, the occasion was not. As a result, many drivers used the opportunity and refuelled their car twice or more times a day or at a time, according to their need. Meanwhile, long queues formed behind these cars at the petrol station and the fuel started to run short. However, there was nothing that sellers could do because even though the limit was 50 litres per filling, it was not restricted how many times could someone fill up their car tank. The new restrictions try to address this problem now.
From Wednesday this week, fuel prices will decrease significantly, reported holtankoljak.hu. Petrol will cost gross 20 forints less while gasoline will cost gross 15 forints less.
As a result, the average price for 95 petrol will be 671.9 forints (EUR 1.70) this week and gasoline will be 722.9 forints(EUR 1.83).
At the same time, those fit into the price cap group will still be able to refuel for HUF 480 (EUR 1.21) which is at least 200 forints less than the market price.
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