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Minister for National Economy calls on vehicle fuel sellers to keep prices competitive

Márton Nagy, Minister for National Economy, said he saw a “chance for adjusting” petrol prices, but not diesel prices.

Márton Nagy, Minister for National Economy, has called on vehicle fuel sellers to comply with an earlier commitment to keep price levels “competitive in regional comparison”.

At a meeting with representatives of the Hungarian Petroleum Association (MASZ), including ones from oil and gas company MOL, Minister Nagy said he saw a “chance for adjusting” petrol prices, but not diesel prices. Local fuel prices need to stay in the “regional mid-range”, he added. Affordable fuel is in the “common interest” and can contribute to a recovery of consumption and a 4% GDP growth, he said. The sides earlier agreed to meet regularly to discuss the impact of domestic and international trends on fuel supply and prices, the ministry noted.