Hungary could keep the fuel price caps in the second half of 2026
6 Articles
6 Articles
Hungary could keep the fuel price caps in the second half of 2026
Hungary’s new economy and energy minister, István Kapitány, has indicated that the government could keep its fuel price caps in place well beyond the current 30 June deadline, citing high global oil prices and the need to protect households. Speaking to RTL Híradó, Kapitány said the cabinet would review the situation in June, but did not rule out extending the measure into the second half of the year. The minister argued that ongoing geopolitica…
The government will ensure the fuel supply necessary to maintain the protected gasoline price until June 30th at the latest, according to a ministerial decree issued a few days ago. This also means that the Tisza government can end the protected price within weeks.
The Tisza government may be forced to take action by July due to the fuel price freeze, a large price increase is expected - The Hungarian market has already used up most of MOL's strategic diesel reserves.
The minister spoke about this to RTL. Experts say the move is not the right one.
The fuel price freeze may remain in place until the second half of the year, Minister of Economy and Energy István Kapitány told RTL News.
Twelve economists have written an open letter to the Minister of Economy and Energy, István Kapitány, urging the immediate elimination of protected fuel prices. They argue that maintaining current prices would cause even more serious economic problems than before.
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