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Hungary’s Fuel Price Cap Relies On Russian Shipments

OIL PRODUCTS

Hungary can only maintain a fuel price cap beyond 1 Jan if oil shipments from Russia flow without interruption and MOL's refinery in Szazhalombatta operates continuously, the government said.

  • "We can only maintain this measure ...if oil shipments from Russia arrive without disruptions and the Szazhalombatta refinery operates continuously," a government spokesman said in an emailed reply to Reuters.
  • The government introduced a fuel price cap in Nov 2021 to protect consumers from surging inflation. The scope of the cap was narrowed in July amid supply disruptions.
  • MOL has temporarily curbed fuel deliveries to some retailers this month after oil supplies from Russia via the Druzhba pipeline fell substantially below normal levels.
  • Oil supply to parts of Central and Eastern Europe via a section of the Druzhba pipeline were suspended temporarily this month after a Russian rocket hit a power station that is close to the Belarus border and provides electricity for a pump station.
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Hungary can only maintain a fuel price cap beyond 1 Jan if oil shipments from Russia flow without interruption and MOL's refinery in Szazhalombatta operates continuously, the government said.

  • "We can only maintain this measure ...if oil shipments from Russia arrive without disruptions and the Szazhalombatta refinery operates continuously," a government spokesman said in an emailed reply to Reuters.
  • The government introduced a fuel price cap in Nov 2021 to protect consumers from surging inflation. The scope of the cap was narrowed in July amid supply disruptions.
  • MOL has temporarily curbed fuel deliveries to some retailers this month after oil supplies from Russia via the Druzhba pipeline fell substantially below normal levels.
  • Oil supply to parts of Central and Eastern Europe via a section of the Druzhba pipeline were suspended temporarily this month after a Russian rocket hit a power station that is close to the Belarus border and provides electricity for a pump station.