Hungary aims ‘petrol tourists’ | MENAFN.COM

Wednesday, 29 June 2022 01:59 GMT

Hungary aims ‘petrol tourists’


(MENAFN) Foreign license plate holders will no longer be able to purchase gas in Hungary at government-capped rates — the lowest in the EU, Budapest declared on Thursday. The action, according to Prime Minister Viktor Orban's chief of staff, is intended to prevent "petrol tourists" from exploiting Hungary's gasoline supply.

During a routine news briefing, Gergely Gulyas informed media, that “foreign buyers are exploiting the fact that Hungary is able to maintain petrol prices at 480 forints USD1.31 (€1.22) per liter, while they are at 700-900 forints elsewhere in Europe.”

As per the official, "abuse" of cheap fuel costs by fuel tourists has recently become a serious problem, jeopardizing his country's supplies.

Drivers with foreign license plates will now be paying higher market rates at Hungarian petrol stations as a result of the decision.

The gas price ceiling was first implemented by Viktor Orban's administration on November 15, 2021, in response to rising inflation. Since then, Budapest has expanded the plan multiple times, the most recent in late April.

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