MNI: PBOC Net Drains CNY150.6 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1879 Tues; -2.42% Y/Y

JUSTIN TRUDEAU TO STEP DOWN AS CANADA LIBERAL LEADER AND PM

MNI China Daily Summary: Monday, January 6

MNI INTERVIEW2: China Central Gov Should Buy Unsold Houses

MNI China Press Digest Jan 6: PBOC Bills, Yuan, Capital Market

MNI: AUSTRALIA NOV BUILDING APPROVALS -3.6% M/M, +3.2% Y/Y

MNI: AUSTRALIA DEC DWELLING APPROVALS -3.6% M/M

MNI: UK BRC DEC BY VALUE SHOP SALES LFL +3.1% YY, TOTAL +3.2% YY

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

HUNGARY: Upside Risk for Fuel Prices Ahead

HUNGARY
CEEMEAEM BulletBulletEmerging Market NewsHungary
  • While not new news itself, the FT highlight that Hungary are set to permanently lose access to just over €1bln in EU funding as of January 1st as the dispute over rule of law between Budapest and Brussels extends.
  • A final fuel price hike for the year is due, according to Világgazdaság - with the wholesale price of petrol set to rise by 3 HUF per litre - pushing the average price to HUF 617 per litre for petrol, and HUF 637 for diesel. This price hike is the last before an inflation-linked excise duty takes effect from January 1st - which will reflect a 4.1% increase in prices. As such, upside risks remain for fuel prices headed into 2025.
  • Hungarian and Czech markets are closed for New Year's Eve.
128 words

To read the full story

Close

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.
  • While not new news itself, the FT highlight that Hungary are set to permanently lose access to just over €1bln in EU funding as of January 1st as the dispute over rule of law between Budapest and Brussels extends.
  • A final fuel price hike for the year is due, according to Világgazdaság - with the wholesale price of petrol set to rise by 3 HUF per litre - pushing the average price to HUF 617 per litre for petrol, and HUF 637 for diesel. This price hike is the last before an inflation-linked excise duty takes effect from January 1st - which will reflect a 4.1% increase in prices. As such, upside risks remain for fuel prices headed into 2025.
  • Hungarian and Czech markets are closed for New Year's Eve.