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The government has decided to maximise the prices of petrol and diesel at 480 forints (EUR 1.3) per liter from November 15, the prime minister’s chief of staff said on Thursday.

“Petrol and diesel could be cheaper than 480 forints but not more expensive,” Gergely Gulyás told a regular press briefing.

Putting a cap on fuel prices could help the economy and contribute to reducing inflation, too, he said.

Opposition Urges Intervention as Petrol Prices Sky-rocket
Opposition Urges Intervention as Petrol Prices Sky-rocket

Never before have petrol prices been higher in Hungary.Continue reading

Featured photo illustration by Szilárd Koszticsák/MTI