MOL sets 100-liter top-up limit
Hungarian oil and gas company MOL on Wednesday announced a 100-liter top-up limit for motorists without a fuel card according to a report by state news wire MTI.
MOL said the "main reason" for the decision was to ensure "sufficient supply of vehicle fuel for all customers in Hungary", noting that demand for vehicle fuel rises with the start of the agricultural season.
The limit does not affect MOL fuel cardholders who top up their tanks at high-pressure pumps, such as lorries, buses, and tractors. Fuel cardholders who fill up fuel tanks are limited to 500-liter purchases at high-pressure pumps.
Hungary's government capped wholesale prices for gasoline and diesel at HUF 480/liter, level with a limit on retail prices, from Monday to prevent businesses from having to sell under cost.
The government introduced the retail vehicle fuel price cap on November 15 to ease higher inflation for an initial period of three months. The measure was recently extended until May 15.
MOL noted that the wholesale price cap is under wholesale list prices effective from Friday: HUF 501.8 for a liter of gasoline and HUF 521 per liter of diesel.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.