In response to dramatic developments on the global market, the government has introduced capped prices for gasoline and diesel.
Under the new regulations, retail prices at fuel stations may not exceed specified maximum levels. The cap for 95-octane gasoline has been set at HUF 595 (EUR 1.54) per liter, while the price of diesel is capped at a maximum of HUF 615 (EUR 1.59) per liter.
This measure applies exclusively to vehicles with Hungarian license plates and Hungarian vehicle registration. Both private customers and professional users, such as farmers, hauliers, and other freight operators can benefit from these capped prices.
In addition to the existing fuel price guarantees, the government is lowering excise taxes on gasoline and diesel to the EU minimum level. It is also banning the export of crude oil, 95-octane gasoline, and diesel in light of rising international oil prices caused by the Iran war and the Ukrainian oil blockade.
Furthermore, the government is releasing state fuel reserves to ensure supply security.