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Citing a letter sent to partners and obtained by the news outlet, the report said gasoline could rise to HUF 619 per liter, while diesel may reach HUF 639 per liter. The changes are expected to take effect immediately.
According to the report, the company also asked station operators to verify the displayed fuel prices and update the figures shown on price totems accordingly.
Fuel prices in Hungary had remained relatively stable during the first weeks of the year. However, the market shifted sharply at the end of February following geopolitical developments that pushed global oil prices higher.
According to the Index report, escalating tensions in the Middle East and the closure of the Strait of Hormuz triggered a spike in international oil prices, which began to feed through into domestic fuel costs after a short delay.
Wholesale fuel prices in Hungary had fluctuated within a relatively narrow range earlier in the year. In January and early February, gasoline traded at around HUF 556–565 per liter, while diesel ranged between HUF 567–576 per liter.
By early March, however, prices had begun to rise rapidly. The wholesale price of 95-octane gasoline climbed from roughly HUF 564 per liter in mid-February to HUF 585 by March 9, representing an increase of more than HUF 20. Diesel prices rose even more sharply, jumping from about HUF 576 per liter to HUF 629, an increase of more than HUF 50 per liter over the same period.
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