Economy 6 December 2023, 10:58am

Fuel prices to be lowered further in Hungary

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The price of both petrol and diesel will be lowered in Hungary on Friday (8 December), fuel price tracking site holtankoljak.hu reported on Wednesday.

The wholesale gross list price of gasoline (Euro 95) will be trimmed by HUF 4 per litre, and the price of diesel will be reduced by HUF 5 per litre on Wednesday(8 Dec), holtankoljak.hu reported. Accordingly, we should find the following average prices at petrol stations:

95-octane petrol: HUF 573 /litre
Diesel: HUF 593 /litre

Compared to their mid-May lows, the price of petrol will be only 3.2% or HUF 18 per litre higher and the price of diesel will be up 9.4% or HUF 51.

However, compared to their respective peaks on 20 September, we see a 13.4% drop (HUF 89) in the price of petrol and a 13.6% (HUF 93) reduction in the price of diesel.

The charts below show how motor fuel prices changed (HUF) this year. The modifications come into effect on Wednesdays and Fridays.

Here are Hungarian fuel prices as of 29 November 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 380.17.