The National Economy Ministry said in a statement released Saturday that the Ukrainian threat to oil supplies as well as U.S. sanctions were driving up auto fuel prices.
The ministry highlighted the impact of US sanctions targeting a “ghost fleet” exporting Russian crude, as well as restrictions imposed on Serbian oil company NIS. He also highlighted the closure of the Druzhba oil pipeline in early January due to the war between Russia and Ukraine.
The ministry stressed that the government will do everything in its power to ensure security of supply and stable fuel prices in the interests of families and businesses. The government’s goal remains to ensure that pump prices in Hungary remain below the average in neighboring countries, he added.
The average price of gasoline in neighboring countries amounted to the equivalent of 637 HUF/liter during the reference period, 1 HUF more than the price in Hungary, while the price of diesel was in average of 654 HUF/liter, or 1 HUF less than the pump price in Hungary, the ministry said.
-Data shows that pump prices in Hungary are in line with the average prices in neighboring countries, he added. The government is ready to intervene if prices in Hungary exceed the average of neighboring countries, the ministry said.
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