Fuel prices to be lowered in Hungary for a change

Portfolio
Hungarian energy group Mol is to lower the wholesale gross list price of petrol and diesel on Wednesday (28 February), fuel price tracking site holtankoljak.hu reported on Monday.
Benzinkút

As of Wednesday, the wholesale gross list price of petrol will be trimmed by HUF 3 per litre, and the price of diesel will be cut by HUF 10 per litre. Accordingly, we should find the following average retail prices at the pumps two days from now: 

  • 95-octane petrol: HUF 615/litre 
  • Diesel: HUF 647/litre
240226fuel01

This is how fuel prices changed in Hungary since the start of 2023. The price of both fuel types was last this high in early or mid-October.

240226fuel02

The price reduction still leaves the price of petrol HUF 45 (7.9%) and the price of diesel HUF 54 (9.1%) higher than at the end of 2023. Comparing current prices to the end of 2022 may make us nostalgic, but looking further back may ruin our day.

This is how Hungarian fuel prices compared to prices in neighbouring countries five days ago:

Cover photo: Shutterstock

 

More in Economy

gyar
October 22, 2025 13:25

The tide turned in three months: Hungarian firms haven't been this optimistic in a long time

Consumer confidence has also improved

putyin trump
October 22, 2025 12:26

White House: No meeting planned between Trump and Putin in near future

Previously, there was talk of a date within two weeks

adó-munkaerőpiac-foglalkoztatás-szocho-adókedvezmény
October 22, 2025 09:55

Hungarian labor market stabilizes, although employment remains below last year's levels

4.5 million people are employed in Hungary today

parlament országház budapest duna állam főváros
October 22, 2025 08:13

Hungarian gov't extends state of emergency for yet another six months

Extraordinary powers to remain in place until May 2026

Charles Smith
October 22, 2025 08:00

Extreme financial risks and Budapest as a talent hub: Morgan Stanley's global leader talks to us

About a quarter of the bank's risk management specialists work for us, says Charles A. Smith

varga mihály mnb elnök jegybankelnök
October 21, 2025 19:29

The Monetary Council decided unanimously that caution is still warranted - Mihály Varga

MNB Governor held a press briefing after the on-hold rate decision

LATEST NEWS
Charting is displayed using TradingView's technology, a platform, where you can build advanced charts, spot upcoming trends in the stock screener, and find inspiration in multiple trading ideas

Detailed search