Think-tank Századvég said the extended government price caps on vehicle fuel will save Hungarian households an average of HUF 21,000 (EUR 53.10) in June.
Average car users, or some 40 percent of all motorists, save HUF 13,000 a month thanks to the price caps. Those who fill up their tanks once a month can save HUF 4,800, but they account for just 20 percent of car users. Meanwhile, those who use their cars often or all the time also account for 20 percent each. Motorists who buy the most fuel can save about HUF 50,000 a month through the measure. The average HUF 21,000 save is calculated with an average consumption of 76 liters of fuel. Hungary’s government decided to cap retail petrol and diesel prices at HUF 480 per liter last November. At market prices, one liter of petrol would cost HUF 768 and diesel HUF 751. The price caps help around 5.5 million people in Hungary.
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