Fuel prices have been falling in Hungary for two weeks now, and this week has been no different. As of November 23, the market price of petrol has fallen by 20 forints and diesel by 19 forints, reported holtankoljak.hu, a Hungarian comparison website.
Under the changes, the price of 95 octane petrol has fallen to 647 forints (EUR 1.57) per liter and diesel to 713 forints (EUR 1.74). However, these are market prices; Hungarian citizens with private cars can continue to fill up at the capped price of HUF 480 (EUR 1.17).
The rapid fall in fuel prices is illustrated by the fact that two weeks ago the market price of petrol was 50 forints more per liter, and that of diesel 73 forints more.
As Hungary Today reported earlier, last week the country had seen petrol prices falling by 20 forints and diesel by 30 forints.
Moreover, according to holtankoljak.hu, domestic fuel prices will continue to fall on Friday, November 25, with petrol prices dropping by 9 forints gross, and diesel by 8 forints.
Meanwhile, Hungarian oil company Mol had discovered a significant amount of oil at a depth of 2100 meters near Vecsés, next to Budapest. The new well was put into production on November 11, and will start with a production of 600 barrels per day. Its planned production of 700-1,000 barrels per day will increase Mol Hungary’s oil production by about 10 percent, and Hungary’s by five percent.
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