MOL cuts wholesale price of gasoline, diesel rises on tax hike

Telco

Hungarian oil and gas company MOL on Wednesday decreased the wholesale price of petrol by HUF 3 per liter to an average price of HUF 394-395 per liter, market participants told MTI.

The company will leave the wholesale price of diesel unchanged this week after raising the wholesale price of diesel HUF 7 per liter to a record-high HUF 416-417 per liter last week.

However, the HUF 13 per liter rise in the excise tax on diesel results in a HUF 16 per liter price hike including VAT from November 1.

Prices can vary up to HUF 20-25-per-liter at different pumps.

ADVERTISEMENT

World Hurtling Towards Recession and Possible Financial Cris... Analysis

World Hurtling Towards Recession and Possible Financial Cris...

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest targets tourists with public transport fare hikes City

Budapest targets tourists with public transport fare hikes

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.