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Domestic Fuel Prices Much Lower Than European Rates 2026

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Domestic Fuel Prices Much Lower Than European Rates 2026
Domestic Fuel Prices Much Lower Than European Rates

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    Fuel prices have surged sharply amid the ongoing Iranian conflict. As wholesale prices for gasoline and diesel continue to rise almost daily, the Hungarian government has imposed a price freeze at filling stations. At current market prices, gasoline costs 643 forints per liter, standing 48 forints above the capped price, while diesel is priced at 699 forints, a difference of 84 forints, following another increase on Wednesday.

    As Hungary Today reported, the government announced fuel price caps on March 9. Under the regulation, gasoline at filling stations may not exceed 595 forints (1.53 euros / 1 euro=488 forints) per liter, while diesel is capped at 615 forints (1.58 euros) per liter.

    Prime Minister Viktor Orbán stated that state reserve stocks would be released to help stabilize prices. He explained that

    the capped price applies exclusively to vehicles with Hungarian license plates and registration.

    The measure took effect at midnight on March 9.

    The move came in response to a sharp rise in global crude oil prices driven by the conflict in the Middle East. Brent crude reached $120 per barrel, while the forint weakened against the dollar. Fuel prices were also pushed higher after supplies through the Druzhba oil pipeline were halted.

    In a government information video released on March 12, Hungary’s capped fuel prices were compared with market prices across Europe.

    Fuel prices have skyrocketed across Europe. In Germany, for instance, on March 16, the nationwide average price for one liter of Super E5 stood at around 2.11 euros. Diesel prices in Germany are also very high, often hovering near the 2 euro mark and in some cases exceeding it.

    In the neighboring Austria, diesel prices on March 17 were similarly elevated, approaching 2 euros per liter.

    Related article

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    Iran conflict sparks explosion in fuel prices

    The increase taking effect on Saturday will be the fifth this week.Continue reading

    <

    p style=”text-align: justify”>Via holtankoljak.hu, hirado.hu; Featured image: MTI/Balogh Zoltán

    The post Domestic Fuel Prices Much Lower Than European Rates appeared first on Hungary Today.

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