Dealers are given two weeks to reduce fuel prices.
According to Minister of National Economy Márton Nagy, the cabinet decided at the government meeting: the government will call on fuel dealers to adjust their prices to the regional average price.
In other words, for the price reduction, because despite the government's signals, domestic fuel prices have increased significantly compared to the regional average.
The government had previously wanted to make the Hungarian level one of the lowest in the region.
The government notice means that mainly in the case of two fuel prices, the 95 gasoline and the diesel price, it must be enforced that the prices must return to the regional average.
Márton Nagy also spoke about the fact that the difference is still HUF 10 in the case of diesel and HUF 27 in the case of gasoline, which is how much higher the fuel prices are compared to the regional average. This calculation was based on the KSH analysis.
In order to protect families, the government once again urges traders to reach regional prices as soon as possible, if this does not happen, the government will re-negotiate the possibility of deploying regulatory tools and will take action.
The government gave traders two weeks to reduce prices. In two weeks, the government will bring up this issue again, look at the evolution of prices and will intervene with harsh means if the fuel dealers do not take the government's warning into account, stated Márton Nagy.
The price of fuel has been a topic of conversation for almost three weeks.
On April 8, Márton Nagy indicated that he would like to sit down with the leaders of the mineral oil association and Mol regarding the rise in prices. The meeting took place on April 11, but there was a dispute between the two parties regarding what they consider the regional average. Therefore, the Ministry of National Economy involved the KSH in monitoring the data, which revealed that the regional average level is indeed lower.
The regional comparison published by the Central Statistical Office last Friday confirmed that there is indeed a slippage in prices, although not to the extent that could be expected in advance.
The previous estimate was seven to nine percent, compared to this, according to the KSH, the price of gasoline is three percent higher than the regional average, while that of diesel is five percent higher. For this reason, on Tuesday, Márton Nagy already spoke about the fact that he will propose to the cabinet to intervene in fuel prices at the government meeting.
This led to speculation about the price cap. All this was corrected by Csaba Lantos in a podcast conversation, as he said, there is no need to expect measures like in 2022.
Not least because it strongly influenced the domestic fuel supply. In the meantime, it turned out that the tax burden on fuel here is nowhere near the highest in the region, yet this is where the price went down the most. However, according to the profession, one of the possible and surest forms of price reduction would be tax reduction.
Cover image: Government gives traders two weeks to reduce fuel prices
Source: Pixabay.com
