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Viktor Orban imposes fuel price caps in Hungary
8 articles |
Updated 5d ago |
Created 6d ago
The Hungarian government has decided on a special meeting that effective immediately will cap gasoline at 1,52 euros per liter with diesel capped slightly higher due to rapid price increases impacting families and farmers alike according Viktor Orban who announced these measures via social media platforms earlier this week while also releasing state oil reserves specifically for domestic supply security purposes related ongoing geopolitical tensions involving Ukraine.
Key Points
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1The Hungarian government has imposed price caps on petrol and diesel effective from the upcoming midnight.
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2Petrol is capped at a maximum of €1.51 per liter, while diesel will be limited to €1.56 per liter starting March 9th in Budapest time zone (local).
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3The decision was made by an emergency cabinet meeting on Monday morning and aims to curb the sharp rise in fuel prices.
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4Prime Minister Viktor Orbán confirmed that state oil reserves have been released specifically for domestic market supply.
Developments
[Mar 09, Mar]
Hungarian government imposes price caps on petrol and diesel effective from the upcoming midnight (local time).
[17:58 - March 24th at [unknown]]