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

acélipar, acélkohó, acélgyártás, fémipar, dunaferr
June 24, 2025 09:38

Mass layoffs commence at Dunaújváros steelworks as 1,700 workers lose jobs in a single day

With another 800 set to get their notice on 1 July

Úgy reccsent meg a forint, hogy igazán még csak nem is támadták
June 24, 2025 09:06

Hungary issues USD 4 billion in bonds across three maturities

Details of the foreign currency sovereign debt issue revealed - did the Hungarian state get a good deal?

DLAPE20250623014
June 24, 2025 08:35

Mol pays HUF 50 billion for the maintainer of the Budapest University of Technology and Economics

Will pay the purchase price in annual instalments over the next 10 years

June 23, 2025 15:17

Fuel prices keep going up in Hungary

Next hike due on Tuesday

Megjöttek az első elemzői reakciók az MNB döntésére (3.)
June 23, 2025 15:00

Hungary central bank to hold rate meeting, outcome essentially certain

Updated MNB forecasts may include some interesting figures, though

GettyImages-1386170176-bankfiók-bankrendszer-bankszámla-bankszektor-hitel-pénzforgalom-pénzintézet-pénzügy-pénzügyi-szolgáltatás
June 23, 2025 12:20

Bank branches in Hungary keep disappearing, yet they are hiring by the hundreds

Radical changes envisaged in the years to come

LATEST NEWS

Detailed search