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.