The issue of petrol prices and oil supply is topical because the decision on the oil embargo taken in the summer will enter into force in the coming days.Continue reading
The reason why the government was fighting to achieve an exemption for Hungary from the EU oil price cap is not ideological or political, but physical, the foreign minister stressed in Bratislava.
During a joint press conference with his Slovak counterpart in Bratislava on Monday, Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó addressed the issue of the European Union’s price cap on Russian oil. Last weekend, the EU decided to set an oil price cap for crude and petroleum oils, and oils obtained from bituminous minerals which originate in or are exported from Russia, at USD 60 per barrel.
Szijjártó stressed that the reason why the government was fighting to achieve an exemption for Hungary is not ideological or political, but physical.
At the moment, if we were to cut oil from Russia out of the Hungarian energy supply, the country’s oil supply would become physically impossible,”
the minister stressed. “For a country to be able to buy oil, it needs a pipeline big enough to buy enough oil to run the country. Historically, in Central Europe, this infrastructure has developed in such a way that today it is only physically possible to supply Hungary with oil if we can buy oil from Russia,” he explained.
It is not a matter of taste, it is not a political statement, it is a physical reality. And we do not want Hungary’s energy supply to be jeopardized,”
Szijjártó reiterated.
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