On Wednesday, motorists can experience a significant drop in fuel prices at domestic gas stations, with the wholesale price of petrol changing by 10 forints and the average price of diesel decreasing by 20 forints in the middle of the week, holtankoljak.hu reported on Monday morning.
Thus, the trend of last week continues: after November 8, the average prices at domestic petrol stations decreased on November 10, i.e. last Friday.
The current change from Wednesday this week is due to the fact that the forint is holding steady at 352-353 against the dollar, while the price of Brent oil, the benchmark in the country, has been falling steadily: since last Monday, the price per barrel has fallen by 5 percent.
Based on the information available on holtankoljak.hu, the following average prices will be seen at Hungarian petrol stations from November 15:
- 95 petrol: HUF 587 per liter (EUR 1.55),
- diesel: HUF 606 per liter (EUR 1.6).
The last time similar prices could be found at Hungarian petrol stations was in the summer, but from January fuel prices are expected to be above HUF 700 (EUR 1.85). As Zsolt Hernádi, CEO of the oil and gas company MOL, stressed that fuel prices will definitely rise from January 1 due to the expected increase in excise duty: by exactly HUF 41.
It is an EU requirement, it will happen anyway, it is time,”
Zsolt Hernádi emphasized on one of ATV’s program the other day. According to the CEO, if domestic fuel prices were very low, fuel tourism would start up again.
Zsolt Hernádi noted that the war between Israel and Hamas has pushed the price of Brent oil above USD 90, but fortunately there has been no supply shock. The market is afraid of escalation, everyone is looking at Saudi Arabia and Iran, because if there is only a 1 percent drop in oil production, it will mean a 10 percent increase, he concluded.
Via Index, Featured image via Pixabay