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Independent gas station owners form association

Transport

Image by Pixabay

The operators of 300-400 independent gas stations announced the formation of a business association on Monday, according to a report by state news wire MTI.

The Independent Gas Stations Association also issued a declaration calling for measures to ensure the livelihood of their family-owned businesses amid a temporary price cap on vehicle fuel prices.

Hungary's government introduced a three-month 480/liter price limit on retail gasoline and diesel fuel prices from November 15 to ease the impact of spiking inflation. It has extended the cap for another three months until May 15.

The association proposed exempting independent gas stations from excise tax and cutting the VAT on vehicle fuel to 5%. The association also said it is seeking "a common solution to the problem together with the government".

The association's members serve about 15% of Hungary.

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