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of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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Free AccessMol Concerned for Impact from State Intervention on Fuel
Hungary’s MOL is concerned for the impact of state intervention in fuel markets on the company plans, according to CEO Zsolt Hernadi via Reuters.
- "We are concerned about the extent to which the level of state intervention in our markets affects the viability of our plans," he said.
- Hungary is giving fuel traders two weeks to adjust their prices to the central European average, according to Economy Minister Marton Nagy yesterday.
- The move comes amid wider government price-setting intervention following an earlier surge in inflation.
- A fuel price cap was scrapped by the government in December 2022 after fuel shortages amid low imports resulted in panic buying. The government however promised to intervene again if fuel prices rose above the regional average.
- Fuel price margins have widened above both previous levels and the central Europe average since the cap was scrapped.
To read the full story
Sign up now for free trial access to this content.
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.