Fuel prices to be lowered in Hungary on Wednesday

The wholesale gross list price of petrol will be cut by HUF 5 per litre, while the price of diesel will be lowered by HUF 8 per litre on 8 November. Accordingly, we should find the following (average) prices at petrol stations: 

• 95-octane petrol: HUF 605 /litre
• Diesel: HUF 631 /litre

Compared to 20 September (the peak this year), however, the price of petrol was lowered by 8.6% (HUF 57) and that of diesel by 8% (HUF 55).

Here are Hungarian fuel prices in regional comparison. Note that these are average prices taken from European databases, with the HUF values calculated at an EUR/HUF exchange rate of 379.74.

Cover photo: 2007 Getty Images