Viktor Orban's government had scrapped a fuel price cap in December 2022
BUDAPEST – Hungary 's government is giving fuel traders two weeks to adjust their prices to the central European average, Economy Minister Marton Nagy was quoted by the index.hu outlet as telling a news conference on Wednesday.
On Tuesday, the national bank said fuel price margins had widened since the cap was scrapped, exceeding not just their previous levels but also average levels seen elsewhere in central Europe. In the first quarter of last year, annual inflation in Hungary stood at 25 per cent, the highest in the European Union. It stood at 3.6pc last March, but economists see it rebounding to 5.4pc by the end of 2024 as base effects fade and services inflation stays hot.
Hungary Fuel Traders Fuel Prices Fuel Price Margins Viktor Orban Fuel Shortages Services Inflation Fuel Retailers Fuel Price Cap
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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