#1 out of 4
politics1d ago
Hungary will set a price cap on gasoline and diesel, Orbán says
- Hungary will cap gasoline at 595 forints and diesel at 615 forints per liter, effective at midnight.
- Price caps apply only to vehicles with Hungarian license plates and registration documents.
- Orbán linked the measure to rising global oil prices tied to the Iran conflict.
- Hungary urged the EU to lift sanctions on Russian fossil fuels to ease energy costs.
- The policy echoes a 2021 cap that remained in place for about a year before being scrapped.
- The move occurs as Hungary faces domestic electoral pressure ahead of a key vote.
- Hungary blames energy disruptions on the Iran war, affecting energy flows through Europe.
- Orbán vetoed sanctions and blocked a major EU loan to Ukraine to press flows of oil and gas.
- Hungary recently detained Ukrainian state bank employees amid broader energy and sanctions tensions.
- The government plans to release oil reserves to ensure supply.
- Orbán has described Hungary as Vladimir Putin’s closest partner within the EU on energy matters.
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