Published: December 07 2023
Fuel prices in Budapest are set to decrease, providing a benefit for Hungarian consumers. This article will discuss the expected changes in fuel prices and their potential impact.
Decrease in Fuel Prices
Starting from December 8, the price of petrol is expected to decrease by approximately HUF 4 gross, while the price of diesel is set to decrease by around HUF 5 gross. This reduction in fuel prices comes after a previous increase on September 15, where petrol became HUF 7 more expensive and diesel rose by HUF 11.
Potential Impact on Consumers
The decrease in fuel prices in Budapest is expected to be beneficial for Hungarian consumers. Lower fuel prices can potentially result in financial savings for individuals and businesses alike. It may also help reduce the cost of transportation and contribute to increased economic activity.
Future Fuel Price Changes
Despite the current decrease in fuel prices, it has been stated by MOL's CEO, Zsolt Hernádi, that there will likely be a rise in fuel prices from January 1. This increase is attributed to an expected rise in excise tax by HUF 41. Hernádi also expressed concerns about the possibility of fuel tourism if domestic fuel prices remain very low.
The current decrease in fuel prices in Budapest presents an opportunity for Hungarian consumers to benefit from lower transportation costs. However, it is important to note that fuel prices may rise again in the future due to changes in excise tax. It will be essential for individuals and businesses to monitor these changes and adjust accordingly.
Questions & Answers
What is the current price of petrol and diesel in Budapest? As of December 8, the price of 95 octane petrol is expected to be HUF 4 lower gross, while the price of diesel is expected to be HUF 5 lower gross.
When was the last time fuel prices rose in Budapest? The last time fuel prices rose in Budapest was on September 15.
Who declared that fuel prices will rise in Budapest from January 1? Zsolt Hernádi, CEO of MOL, declared earlier that fuel prices in Budapest will definitely rise from January 1 due to the expected increase in excise tax by HUF 41.
What is the reason behind the expected increase in fuel prices in Budapest? The expected increase in fuel prices in Budapest is due to the planned increase in excise tax by HUF 41.
Is fuel tourism expected to increase in Budapest if domestic fuel prices were very low? According to Mr. Hernádi, if domestic fuel prices were very low in Budapest, fuel tourism would be on the rise again.