Only drivers with Hungarian license plates are entitled to a government-fixed price, while foreigners have to pay a higher price.
Drivers with foreign license plates will no longer be able to buy gas in Hungary at government-fixed prices – the lowest in the EU, the country’s authorities announced on Thursday. Budapest says the move is aimed at shutting down “petrol tourists”.AbuseHungary’s fuel supply.
Prime Minister’s Chief of Staff Garzl গুল Guliাসs told reporters at a regular press briefing:Foreign buyers are taking advantage of the fact that Hungary is able to maintain the price of petrol at 480 Forint. (€ 1.22) Per liter, when they are at 700-900 forints elsewhere in Europe.“
According to the official, “Abuse“Late gas prices have become a real problem for fuel tourists, which has threatened Hungary’s own uninterrupted supply.
The decision means that motorists with foreign license plates are now charged higher market prices at Hungarian gas stations.
The government of Victor Urban originally introduced the gas price cap on November 15, 2021 amid accelerated inflation. The scheme has been extended several times since Budapest, the latest coming in late April.
In addition to gas, similar price caps were introduced in Hungary for some major items such as flour and sugar.
On the announcement of new tariffs on gas stations, Gulias also touched on the economic collapse of the ongoing conflict in Ukraine, warning that the world may be on the brink of a new economic crisis. Hungary is already facing some losses, officials said, citing rising fuel prices in the aftermath.
Giulias criticized the EU’s sanctions on Russia, arguing that the sanctions were counterproductive and hurt Hungarians.
Hungary’s Economic Development Minister Martin Nagy said that in the current context, Budapest’s main goal was to build a resilient economy by keeping the budget and national debt under control.
Hungary is among the several EU member states blocking the bloc’s sixth round of sanctions against Moscow, a bone of contention over sanctions on Russia’s oil imports. Budapest insists that it may not be able to free itself from Russian power overnight – a scenario that, according to Hungarian officials, will deal a heavy blow to the country’s economy – and Brussels is reportedly opting for expensive transfers to alternative sources.