Another fuel price hike in Hungary on Saturday

Portfolio
Just like in the middle of the week, only the price of petrol will be raised, this time on Saturday, while the price of diesel will remain on hold, fuel price tracking site holtankoljak.hu reported on Friday.

The wholesale gross list price of 95-octane petrol will be raised by HUF 3 per litre tomorrow (29 June), while the price of diesel will not change. Accordingly, we should find the following average prices at the pumps come Saturday:

  • 95-octane petrol: HUF 613 /litre
  • Diesel: HUF 629 /litre

Fuel prices were last raised on Thursday. The hike on Saturday will be the eighth in Hungary in 15 days. Compared to 13 June, we will pay HUF 23 per litre more for gasoline and HUF 33 more for diesel.

Earlier today, the government has called on fuel retailers to return to the practice of previous months and reduce their prices to below the average price in neighbouring countries. Otherwise, the government remains ready to intervene in the fuel market.

Today, 95-octane petrol is available in Hungary at an average price of HUF 610 per litre and diesel at an average price of HUF 629 per litre. According to data published on Friday by the Central Statistical Office (KSH), based on European Commission data, the average price of petrol in neighbouring countries reached HUF 606, while the average price of diesel is HUF 611 per litre.

THIS MEANS THAT PETROL IS HUF 4 MORE EXPENSIVE AND DIESEL COSTS HUF 18 MORE PER LITRE IN HUNGARY THAN IN NEIGHBOURING COUNTRIES.

Based on the KSH report, the Ministry of National Economy has concluded that prices for both petrol and diesel need to be reduced.

Let's see how fuel prices changed compared to four sort of arbitrary 'benchmarks':

  • End of 2023: petrol +7.5% (HUF 43), diesel +6.1% (HUF 36);
  • 10 June (day after elections): petrol +3.9% (HUF 23), diesel +5.5% (HUF 33);
  • 2024 peak: petrol -5.7% (HUF -37), diesel -4.8% (HUF -32);
  • Mid-January low: petrol +9.7% (HUF 54), diesel +7.2% (HUF 42).

In early May, a litre of diesel still cost HUF 14 less than a litre of petrol. By Saturday, it will be HUF 16 more expensive, but the gap has been narrowing since it hit HUF 21 on 25 June.

240628satfuel03
 

More in Economy

fitch ratings
June 07, 2025 13:05

Fitch affirms Hungary at 'BBB', outlook stable

One week after Moody's rating review

világbank-Magyarország-Európai Unió-németország-horvátország-külföld-franciaország-átutalás-pénzforgalom
June 06, 2025 12:07

Hungary's first-quarter GDP among the worst in Europe

Here's the full ranking

gyógyszer patika
June 06, 2025 11:40

Government list leaked: price of 25 popular medicines could be frozen

Frequently bought products to be made cheaper

GettyImages-1322511398-áru-áruház-élelmiszer-fogyasztás-kiskereskedelem-kosár-termék-vásárlás
June 06, 2025 10:35

Hungarians take to shopping en masse in April

Retail sales finally increase

bankkartyaatm
June 06, 2025 10:21

Hungarian gov't relaxes regulation on ATMs

Some ATMs may still be decommissioned in justified cases

Ipari kapu raktár csarnok gyár ingatlan
June 06, 2025 08:30

Hungary's industrial production grows palpably at last

It was high time, but it would be premature to pop the cork just yet

LATEST NEWS

Detailed search