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Price drop of gasoline to hurt 2015 budget

Telco

Should gasoline and diesel prices remain low in Hungary, it would significantly undermine the state budget, according to Hungarian online origo.hu. The portal calculates that the 2015 budget would lose HUF 80-90 bln if the price of gas falls under $70 per Brent barrel.

Origo noted that approximately half of the price of gasoline and diesel is acquired by the Hungarian state in the form of different taxes, which had a value of HUF 210.5 per liter in September but is expected to drop to HUF 178 per liter.

Miklós Hegedűs, energy analyst for GKI, told Origo that gasoline and diesel prices are expected to decrease further in the coming three months, and will cause a loss of HUF 10-15 bln in the budget this year.

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