MOL CEO Zsolt Hernádi Talks about Sanctions, Oil Embargo, and Price Cap Zsolt Hernádi, CEO of the Hungarian oil company MOL gave an interview to Mandiner, talking about EU sanctions, the oil... 2022.06.09.
OMV Denies Press Reports of Company Closing Gas Stations in Hungary As Hungarian state oil company Mol would not be able to cover the shortfall, OMV's petrol stations in Hungary are... 2022.06.07.
Closed Gas Stations and Interrupted Fuel Supply After Govt Decision It is not guaranteed that all gas stations will be open after Monday, as several gas stations in Hungary are... 2022.05.30.
Petrol Station Owners: License-Plate-Based Fuelling Unfeasible The Association of Independent Petrol Stations' President considers the government's decision to allow only cars with Hungarian registration plates to... 2022.05.27.
Incoming Minister Nagy: Price Cap Can Stay, Retailers Can Cover Costs from Extra Profits RTL asked Márton Nagy, future Minister for Economic Development, about the price caps in Hungary. As he said, they may... 2022.05.19.
War in Ukraine: MOL Supporting Ukrainian Energy Network Hungarian oil and gas company MOL is supporting the Ukrainian energy network's operations, and has so far offered material support... 2022.05.07.
How Viable Would a Russian Oil Embargo Be in Hungary? Analysts differ in their answers regarding how manageable an embargo on Hungary’s supply of Russian oil would be in the... 2022.05.06.
Small Gas Stations Sue Hungary in Strasbourg over Price Freeze The extended price cap could lead to the mass closure of smaller, mostly family-run gas stations that have been operating... 2022.05.03.
Extension of Food and Fuel Price Caps Also Has a Price As we have previously reported, Prime Minister Viktor Orbán announced the extension of the food and fuel price cap on... 2022.04.28.
MOL: Immediate Withdrawal from Russian Oil Would Create Supply Problems There is growing international pressure on EU countries to extend sanctions against Russia, for example by cutting off imports of... 2022.04.02.
MOL CEO: “As Long as Gasoline Price Cap Is in Place, There Will Be Tensions in Supply” "We are at home in this region, this is a responsibility, and shareholders must also take note of this," said... 2022.04.01.
Smaller Gas Station Owners Protest at Hungary’s Oil Company MOL On March 24, the Independent Petrol Stations Association (FBSZ) held a demonstration in front of the central building of the... 2022.03.25.
MOL Propylene Plant Largest Investment in Hungary So Far This Year, says Trade Minister Péter Szijjártó, the minister for foreign affairs and trade, on Wednesday attended the cornerstone ceremony of a propylene plant of... 2022.03.24.
More and More Petrol Stations Forced to Close, Risking Takeover Under the Hungarian government's petrol price cap decree, petrol stations closed for more than 48 hours are put under "temporary... 2022.03.21.
Gas Station Owners Consider Constitutional Complaint against Price Cap Hungary's smaller gas station owners are considering filing a constitutional complaint against the Hungarian state over the HUF 480 fuel... 2022.03.17.
Panic Buying and Fuel Tourism: Government Reacts With New Measures On Wednesday and Thursday, numerous Hungarian gas stations ran out of fuel or imposed various quantity restrictions on sales earlier,... 2022.03.11.
There Are Petrol Stations Where There Is No Petrol As we reported yesterday, there could be problems over the long weekend due to disrupted fuel supply. It seems, however,... 2022.03.10.
Disrupted Fuel Supply Could Cause Problems over Long Weekend As we have previously reported, wholesalers are now more affected by the price cap due to the government having cut... 2022.03.09.
Fuel Price Cap: MOL Introduces Quantity Restrictions The demand for fuel from gas stations has risen to record levels, so the Hungarian oil company MOL has introduced... 2022.03.04.
Gov’t Caps Petrol and Diesel Price for Wholesalers The government is capping the wholesale price of petrol and diesel at 480 forints (EUR 1.3) a liter as of... 2022.03.01.
Ukraine Crisis: Deliveries of Food, Fuel Arrive in Transcarpathia An aid delivery of 28 tonnes of food and 100,000 litres of vehicle fuel from Hungary arrived in Transcarpathia, Ukraine's... 2022.02.27.
